Link: Broadcom/Qualcomm stopped by Trump

‘For capital markets, this is unprecedented. A deal that didn’t even exist has been blocked by a U.S. president, who also apparently has the power to determine who can and can’t stand for election to a private sector company’s board of directors. And all of this was enabled by a regulatory body focused on foreign acquisitions of U.S. companies, even though the acquirer was scheduled to stop being “foreign” in just a few weeks. For future M&A, this is a warning. The White House is more than willing to stop mergers it feels aren’t in the country’s best interest. Not just for national security, but also for anti-trust. Just ask AT&T or DraftKings.’
Original source: Broadcom/Qualcomm stopped by Trump

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