Qualcomm board of directors rejects revised Broadcom proposalFebruary 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.”