Broadcom now offers 'best and final' offer to Qualcomm

SEC FORM 4 - SEC.gov

SEC FORM 4 - SEC.gov

Broadcom said its offer stood whether Qualcomm's $47 billion bid for Dutch rival NXP was completed or is terminated. That offer was unanimously rejected by Qualcomm's board of directors last November on the basis that it undervalued the company.

Broadcom increased its offer to acquire Qualcomm to about $121 billion, calling it its "best and final" offer to acquire the rival semiconductor vendor.

Broadcom is back with what looks like a final offer to acquire USA -based chipset manufacturer Qualcomm.

U.S. won't rule out Olympics talks with North Korea
It was greeted by throngs of protesters, some of whom held large photos of Kim Jong Un with black crosses drawn through them. Hundreds of North Korean officials, athletes, cheerleaders and artistic performers are also expected.

Qualcomm (San Diego) said in a statement that it's board would review Broadcom's proposal with legal and financial advisors.

Qualcomm is in the middle of negotiating a $38.1 billion deal to buy NXP Semiconductors, but that's come under regulatory scrutiny in Europe.

The offer would value Qualcomm at $82 per share. The increased stock component would subject the deal to a Broadcom shareholder vote.

Deputy killed on work anniversary; 3 other officers shot
One police officer is dead and two others injured after a shooting in Colorado Springs, Colo., officials said Monday. We have received information that a nearby resident, Thomas Villaneuva may have also been injured in the shooting.

Finally, along with its higher bid, Broadcom (avgo) delivered a 40-page presentation detailing just how inept Qualcomm's (qcom) management has been in recent years.

Shares in Broadcom were down 1% at US$233.10 in pre-market trading.

Broadcom also said it is prepared to pay a significant termination fee if the deal can not obtain the required government regulatory approvals. It's also premised on Qualcomm not delaying or adjourning its annual meeting past March 6, 2018, during which Broadcom has said it would make a hostile bid for the company.

Ecclestone Blasts Formula 1 For Axing Grid Girls
I'm quite conservative and paternalistic and I'm not repulsed by that logic, except it seems odd to use it in this case. Grid girls are hired to carry out promotional work at the F1 and wear clothes representing the sponsors of the event.

He wants Qualcomm for its leading smartphone modem chip division, an example of what he has called a "franchise" that will continue to dominate. Regulators around the world are fining or investigating Qualcomm, supporting elements of Apple Inc.'s claims in a lawsuit against the company that it abuses its dominant position. He also dismissed Qualcomm's repeated concerns about antitrust issues. Qualcomm primarily licenses its technology for the delivery of broadband and data, a business that would significantly benefit from the rollout of 5G wireless technology. However, it said it would withdraw the offer and cease pursuit immediately following Qualcomm's upcoming annual meeting unless a definitive agreement is agreed or the Broadcom-nominated slate is elected. Broadcom says it is prepared to invite Paul Jacobs and one other current Qualcomm director to join the combined company's board if the merger is completed.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.