The Klein Law Firm announces the commencement of an investigation of QUALCOMM Incorporated (NASDAQGS: QCOM) concerning possible violations of federal securities laws.
In 2017, Broadcom Limited made a series of unsolicited proposals to acquire all outstanding Qualcomm shares. Then on March 5, 2018, Broadcom announced that Qualcomm had filed a voluntary request for The Committee on Foreign Investment in the United States to initiate an investigation into Broadcom’s actions. Broadcom referred to this as a “blatant, desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting for Broadcom’s independent director nominees.”
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