Ad
Ad
Ad
Ad
Ad
Ad
© jackie egginton dreamstime.com Business | February 05, 2018

Broadcom ups its offer for Qualcomm

US chipmaker, Qualcomm, confirms that it has received a revised – non-binding – proposal from Broadcom to acquire all outstanding shares of Qualcomm.
Broadcom’s former unsolicited proposal was USD 70 per Qualcomm share (made up by USD 60.00 in cash and USD 10.00 in Broadcom stock); this was unanimously rejected by Qualcomm’s Board of Directors.

In its new proposal, Broadcom is offering USD 60.00 per share in cash and USD 22.00 per share in Broadcom stock. Qualcomm says it will review the revised proposal – together with its financial advisors – and make a decision based on what is best for its shareholders.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
February 08 2018 5:15 pm V9.2.4-1