| Thread Tools |
6th February 2018, 05:18 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,650
| Broadcom plans to raise Qualcomm bid $120 billion offer Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm in an attempt to pressure the US rival to the negotiating table. The move comes ahead of a Qualcomm shareholder meeting scheduled for March 6, when Broadcom is seeking to replace Qualcomm’s board of directors by nominating its own slate for election. Broadcom is scheduled to meet with its advisers later on Sunday to finalise an offer that values Qualcomm between $80 and $82 per share, two of the sources said. Broadcom’s previous $70 per share offer consisted of $60 per share in cash and $10 per share in stock. Broadcom plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Typically, such break-up fees equate to approximately 3 percent to 4 percent of a deal’s size. https://fudzilla.com/news/45535-broa...e-qualcomm-bid |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Broadcom hopes to woo Qualcomm with a higher takeover bid | Stefan Mileschin | WebNews | 0 | 5th February 2018 05:29 |
Sprint plans to raise prices and roll out 5G next year | Stefan Mileschin | WebNews | 0 | 5th February 2018 05:13 |
Broadcom buying Qualcomm just won’t happen | Stefan Mileschin | WebNews | 0 | 24th December 2017 04:52 |
Broadcom will fire a third of Qualcomm staff | Stefan Mileschin | WebNews | 0 | 21st December 2017 19:19 |
Broadcom take-over of Qualcomm appears to be about Apple | Stefan Mileschin | WebNews | 0 | 24th November 2017 18:17 |
Qualcomm rejects Broadcom’s buyout bid | Stefan Mileschin | WebNews | 0 | 16th November 2017 18:27 |
Qualcomm gears up to fight Broadcom | Stefan Mileschin | WebNews | 0 | 16th November 2017 18:14 |
Qualcomm plans to reject Broadcom's takeover bid | Stefan Mileschin | WebNews | 0 | 16th November 2017 18:04 |
Apple wants Broadcom to get Qualcomm | Stefan Mileschin | WebNews | 0 | 11th November 2017 05:40 |
Roku's IPO filing reveals plans to raise $100 million | Stefan Mileschin | WebNews | 0 | 3rd September 2017 11:13 |
Thread Tools | |
| |