Broadcom 'Puts the Screws' to Qualcomm on Turkey Day, Says Bernstein Fri, 24 Nov 2017 16:37:00 +0000 Shares of Qualcomm (QCOM) are up 54 cents, or 0.8%, at $68.67, and Broadcom (AVGO) is up $4.08, or 1.5%, at $279.45, as the maneuvering apparently continues in their M&A battle, according to a report yesterday by The New York Post’s Josh Kosman saying Broadcom “has looked to scuttle” Qualcomm’s existing offer to purchase NXP Semiconductors (NXPI). Given that many believe the NXP buy is pivotal for Qualcomm, Bernstein’s Stacy Rasgon today opines that Broadcom has left Qualcomm management with three not so good options. The Post story says Broadcom is considering raising its bid for Qualcomm, which was rejected two weeks ago by Qualcomm management, to $77 from $70.
Broadcom considering sweetened Qualcomm bid: sources Thu, 23 Nov 2017 03:24:19 +0000 While the timing of the new offer is uncertain, Broadcom's bid preparations indicate that it is planning to apply pressure on Qualcomm to engage in negotiations by offering more to its shareholders, in addition to threatening to replace its board of directors. Broadcom's Chief Executive Hock Tan has stated he is open to launching a takeover battle and sources have previously said the company is preparing to submit a slate of directors by Qualcomm's Dec. 8 nomination deadline.
Qualcomm shares rise on report Broadcom considering sweetened deal Wed, 22 Nov 2017 20:43:39 +0000 Qualcomm Inc. shares traded higher Wednesday following a report that Broadcom Ltd. is considering raising its offer to buy the chipmaker. Qualcomm shares rose 1.6% to $67.79, after jumping to an intraday ...
Broadcom considers raising offer for Qualcom Wed, 22 Nov 2017 20:28:00 +0000 CNBC's Leslie Picker discusses the latest bid from Broadcom, which includes a counter offering more stock in the deal.
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Disclaimer The stock selections in our stock investing and stock trading database are not stock recommendations, but simply represent applications of a stock investing process. All materials, including our Top Stock Picks, are provided for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Growth Stock Analytics, LLC is not responsible for gains/losses that may result in investing or trading in these securities. All information is believed to be obtained from reliable sources, but there is no guarantee that the information supplied is accurate, complete or timely. There is no guarantee or warranty with regard to the results obtained from its use. There is no guarantee of suitability or potential value of any particular investment or information source. You acknowledge that your requests for this information are unsolicited and shall neither constitute nor be considered investment advice. Past investing performance is not an indication of future performance results. Investing and trading in stocks is risky. Investors are encouraged to consult a registered stock broker or investment adviser before making any investing decisions. The interpretations and opinions expressed herein are solely those of Growth Stock Analytics, LLC, and not of any other individual or organization.