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Broadcom today said a memo signed by Defense Dept. officials that is circulating among members of Congress, calling for a review by the Committee on Foreign Investment in the US of Broadcom's $19B deal to acquire CA Technologies, is a fraudulent document.
“Broadcom and CA Technologies are both American companies and there is no basis in fact or law for CFIUS review of our pending transaction,” the San Diego-based company said in a statement.
The company said DOD officials told it the memo was a forged document.
Reuters reports that the Pentagon is investigating the origin of the phony document.
Despite the Pentagon’s clarification, Kentucky Senator Rand Paul continues his call for a review of the Broadcom/CA hook-up, claiming the deal raises “obvious national security implications.
Joele Frank, Wilkinson Brimmer Katcher’s Joele Frank, Steve Frankel and Andi Rose handle Broadcom’s media.
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