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Broadcom shareholders approve plan to move to US

Singapore-based Broadcom Ltd.'s shareholders approved the company's plan to re-domicile in the U.S. at a March 23 meeting.

The company expects the process to complete on April 4 after close of trading, subject to approval from Singapore's high court regarding the statutory arrangements in the country to implement the redomiciliation.

The move comes after U.S. President Donald Trump blocked the chipmaker's $117 billion bid for rival QUALCOMM Inc. on national security grounds.