Qualcomm board of directors rejects revised Broadcom proposal

February 9, 2018 9:10 am

Paul Jacobs Qualcomm’s board of directors unanimously rejected an acquisition proposal from competitor Broadcom, the company announced on Thursday.

Broadcom had proposed acquiring all outstanding shares of Qualcomm for

$82 per share, which breaks down to $60.00 in cash and $22 in Broadcom stock. Broadcom previously described the $121 billion as its “best and final offer.”

More details at: https://www.cnbc.com/2018/02/08/qualcomm-board-of-directors-rejects-revised-broadcom-proposal.html