It said on Wednesday that Broadcom had declined to offer any undertakings in the five-day period after it published its concerns, and it would therefore proceed to an in-depth inquiry, which can take up to six months
https://finance.yahoo.com/news/uk-examine-broadcoms-61-billion-103422486.html
Someone at Reuters doesn’t know the difference between Britain and the UK.
They must live in the United States of Canadia.
I guess you missed this part of the article:
"Reporting by Sinchita Mitra in Bengaluru and Paul Sandle in London; Editing by Anil D'Silva and William James"
The last two blokes are also in India and the UK respectively, so it appears that ignorance is not exclusive to any one part of the world after all. It would appear that there are geographically challenged individuals in their own parts of the world, not just in the "United States of Canadia"
Our stock is up despite the probe.
Up $1? Imagine how high our stock price would be if 10k were laid off.
El Reg says
The CMA has now set a statutory deadline for its decision of 12 September 2023, and said its administrative timetable will be published as soon as practical
Welcome to at least 23 weeks of vacation!
Thanks CMA!
Those worried about our stock tanking if the merge doesn’t go through, guess what the sky isn’t falling. Our stock is up despite the probe. Investors have already priced in a merge not happening.
Why would they not address their concerns? Maybe they are having second thoughts?
BC to use its last extension and if probe isn’t over by then, they can walk away then without any breakup fees
Someone at Reuters doesn’t know the difference between Britain and the UK.
They must live in the United States of Canadia.
Phase 2 can take up to 6 months (according to the article) so assuming phase 2 starts now it's still within the October timeframe BC have been referring to.
Will this delay the deal going through this year?