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Report: Broadcom's move back to US expected in mid-May

Singapore-headquartered Broadcom Ltd could complete its return back to the U.S. by mid-May, Reuters reported March 2, citing "sources familiar with the matter."

A vote on the redomiciling proposal will be taken by Broadcom's shareholders by May 6. The company was based in the U.S. until 2016, when it was acquired by Singapore's Avago.

The move could help the company allay concerns of the Committee on Foreign Investment in the United States, or CFIUS, as it looks to take over Qualcomm Inc.

CFIUS is an inter-agency committee that reviews the national security implications of foreign investments in U.S. companies or operations.

The committee recently started looking into Broadcom's takeover offer, which can potentially trigger a review that could threaten the deal.

Following a series of objections, Qualcomm recently said that it will accept Broadcom's takeover bid if the offer is sweetened to $160 billion including debt.