Frank Aquila Quoted in CNBC on Broadcom Block

March 14, 2018
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Frank Aquila commented on the recent decision to block Broadcom's $142 billion acquisition of Qualcomm in the CNBC article “Trump killing Qualcomm's huge deal could prompt a trade war in global M&A.” “This is going to make cross-border transactions much less likely to happen in certain sensitive sectors,” Frank said. “But beyond that, it could very well have a chilling effect on a range of transactions in any number of sectors. We know that certain countries have staked out claims to certain companies that have no national security risks, just because they're national champions or culture carriers. The United States has always considered this to be antithetical to free trade and open markets. We've never thought of blocking those sort of deals. Now that is not entirely clear."