Qualcomm deals blow to Broadcom's bid with sweetened NXP deal
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.
Qualcomm deals blow to Broadcom's bid with sweetened NXP deal
Feb 21, 2018, 11:15am UTC
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.