US security concerns delay Qualcomm vote on $142bn Broadcom sale

US security concerns delay Qualcomm vote on $142bn Broadcom sale

6 years ago
Anonymous $gIi3-PxxKB

https://finance.yahoo.com/news/us-security-concerns-delay-qualcomm-163354114.html

Shareholders were due to meet on Tuesday to vote on proposals to kick out the majority of Qualcomm’s directors and appoint those nominated by Broadcom, paving the way for the new board to recommend the sale.

$130bn and $146bn, leading Broadcom to go hostile. Broadcom recently cut its bid to $142bn after Qualcomm increased its own offer for the Dutch chipmaker NXP in a separate takeover, but this would still rank as the biggest takeover in technology history. Qualcomm has said the door is open for a peaceful resolution, but is seeking an offer of around $160bn." data-reactid="20">The company’s existing board has so far rejected two offers of $130bn and $146bn, leading Broadcom to go hostile. Broadcom recently cut its bid to $142bn after Qualcomm increased its own offer for the Dutch chipmaker NXP in a separate takeover, but this would still rank as the biggest takeover in technology history. Qualcomm has said the door is open for a peaceful resolution, but is seeking an offer of around $160bn.