Shares of Broadcom Ltd. rose 2.4% in premarket trade Monday, after the Singapore-based semiconductor company said it expects to complete the redomicilation to the U.S. by April 3, 2018. Broadcom is currently embroiled in a hostile takeover of Qualcomm Inc. , which is currently being scrutinized by the U.S. Treasury Department’s Committee on Foreign Investment (CFIUS) for national security concerns. Qualcomm’s stock rose 0.9% ahead of the open. Late Friday, The Wall Street Journal reported that Intel Corp. has considered making a bid for Broadcom if it is successful in its attempt to buy Qualcomm. Broadcom’s stock has lost 1.9% over the past three months and Qualcomm shares have shed 2.8%, while the S&P 500 has gained 4.6%.
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