Flexible Electronics News

Qualcomm Confirms Receipt of Revised Proposal from Broadcom

Proposes acquiring all outstanding shares of Qualcomm for $60.00 per share in cash, $22.00 per share in Broadcom stock.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Qualcomm Incorporated confirmed that it has received a revised, non-binding, unsolicited proposal from Broadcom Limited to acquire all outstanding shares of Qualcomm for $60.00 per share in cash and $22.00 per share in Broadcom stock.   Consistent with its fiduciary duties, the Qualcomm Board of Directors, in consultation with its financial and legal advisors, will review the revised proposal to determine the course of action it believes is in the best interests of the Company and its stockhol...

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