Qualcomm Rejects Broadcom Proposal
Qualcomm announced this morning that its board has unanimously rejected the unsolicited acquisition proposal from San Jose-based Broadcom, saying the offer "dramatically undervalues" the company. Broadcom offered to pay $130 billion for Qualcomm on November 6th. Qualcomm said it conducted the review in consultation with financial and legal advisors, also saying that the offer had "significant regulatory uncertainty". Broadcom said on November 6th that it would pay $70.00 in cash and stock for Qualcomm.
posted on Monday, November 13, 2017
Related companies:
Qualcomm
Related stories:
> Broadcom Offers $130 Billion To Acquire Qualcomm
> LogicVision Rejects Virage Logic Offer
> BEA Systems Rejects Oracle Takeover Offer
> Broadcom Gets Nod On CA Technologies Acquisition
> Cypress Acquires Broadcom's Wireless IoT Business In $550M Deal
silicontap.com Home