Broadcom lowers its offer to $79
 

Qcom refused us at $82, let's offer less

The $82 per share offer from Broadcom is off the table, now the company is offering $79. This was initiated after Qualcomm reached an agreement to pay more for NXP.

NXP had a great year with a significant increase in business and it was only fair to offer more to seal the deal. Broadcom doesn’t like that and therefore lowered its offer for Qualcomm. Tom Horton, director of Qualcomm’s board, commented that $82 "just not even close to what the value of the company is". You can imagine how the Board of Directors at Qualcomm would react at an even lower offer.

https://fudzilla.com/news/45654-broa...ts-offer-to-79