The Trump administration’s recent blocking of Broadcom’s proposed $117 billion takeover bid of Qualcomm on the basis of national security concerns has created an atmosphere of increased uncertainty for future cross-border M&A deals. Morrison & Foerster’s Robert Townsend, co-chair of the Global M&A Group, and Bob Litt, of counsel in the National Security Group, covered the implications of the decision in a Q&A feature with The M&A Lawyer. Among other things, Mr. Townsend and Mr. Litt discussed what other companies should be considering moving forward to avoid a similar fate to Broadcom and Qualcomm, the role of the Committee on Foreign Investment in the United States (CFIUS), and whether other countries could retaliate against the United States.
Read the full article as published in M&A Lawyer.