Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm: Sources

Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm: Sources

6 years ago
Anonymous $v9r5mEH86V

https://www.cnbc.com/2018/02/05/broadcom-is-expected-to-ratchet-up-the-pressure-by-sweetening-its-bid-for-qualcomm-sources.html

Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday.

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.