Qualcomm has announced today that the Board of Directors has rejected Broadcom’s proposal to acquire the company for around $105 billion. The BOD believes that Broadcom’s offering undervalues Qualcomm and its growth perspectives in the upcoming 5G era. Last week Broadcom offered to buy all of the outstanding shares of Qualcomm for $105 billion in total for cash and stock. Under the terms of the deal, shareholders of Qualcomm would get $60 in cash and $10 in Broadcom’s stock for each share, which would be a 28% premium over the price of a Qualcomm share on November 2, 2017. Broadcom wanted to buy Qualcomm primarily because of its LTE and 5G technologies to complement its other telecommunication assets. Qualcomm itself is in process of taking over...
Broadcom on Monday said that it had proposed to acquire all of the outstanding shares of Qualcomm for $105 billion in total for cash and stock. If the buyout...12 by Anton Shilov on 11/7/2017
Qualcomm and NXP Semiconductors on Thursday announced that they had signed an agreement, under which Qualcomm will acquire NXP. The boards of both companies have already unanimously approved the...30 by Anton Shilov on 10/28/2016