March 12, 2018 / 10:13 AM / 12 days ago

Broadcom expects to redomicile to United States by April 3

March 12 (Reuters) - Singapore-based Broadcom Ltd said on Monday it expects to complete the process of redomiciling to the United States by April 3.

The chipmaker’s $117 billion offer to buy California-based Qualcomm Inc is being reviewed by the Committee on Foreign Investment in the United States (CFIUS) for potential national security threats.

Broadcom said U.S. national security concerns are not a risk to the closure of the proposed buyout as it never planned to acquire the company before it completes redomiciliation. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)

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