Comment on Qualcomm rejects Broadcom $103 billion offer

Qualcomm rejects Broadcom $103 billion offer

San Diego-based Qualcomm early today rejected rival Broadcom's unsolicited $103 billion bid as too low, setting the stage for a hostile proxy fight for control of the company. “It is the Board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s...

 

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