Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

Qualcomm deals blow to Broadcom's bid with sweetened NXP deal

6 years ago
Anonymous $v9r5mEH86V

https://finance.yahoo.com/news/qualcomm-raise-offer-buy-nxp-111552181.html

Qualcomm shares fell 1.3 percent to $63.99, significantly below Broadcom's latest $82 per share cash-and-stock offer unveiled on Feb. 5, as investors saw the new NXP deal as increasing the chances of Qualcomm repelling Broadcom.

Broadcom said on Tuesday it was evaluating its options in response to Qualcomm's move and noted that the revised price for NXP was well beyond what Qualcomm has repeatedly characterized as "full and fair." It called the new deal a transfer of value from Qualcomm shareholders to NXP shareholders.