Flexible Electronics News

Qualcomm Board of Directors Unanimously Rejects Revised Broadcom Proposal

Offers to meet to see if Broadcom can address serious deficiencies in value and certainty.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Qualcomm Incorporated announced that its Board of Directors has unanimously rejected the revised non-binding, unsolicited proposal by Broadcom Limited to acquire all of the outstanding shares of Qualcomm for $82.00 per share ($60.00 in cash and $22.00 in Broadcom stock), which Broadcom announced on Feb. 5, 2018.   The Qualcomm Board, assisted by its financial and legal advisors, determined that the Broadcom proposal materially undervalues Qualcomm and falls well short of the firm regulatory co...

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