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If the merger is terminated because the takeover doesn’t gain regulatory approvals in time, Broadcom may be on the hook for a $1.5 billion termination fee under the terms of the agreement.
Orders on the grocery delivery platform rose 18 percent to almost 263 million in 2022 but were virtually flat in the first half of 2023 compared with a year earlier.
Rising tensions between China and the U.S. have made securing approval for transactions that require the signoff from regulators in Beijing and Washington increasingly difficult, particularly those involving semiconductors.
An industry report analyzed M&A activity alongside interest rate decisions and inflation trends going back 40 years and found the correlation to be "inconsistent."