Qualcomm, the communications chip maker, has recently proposed a $70-a-share cash and stock approach to buy a rival Qualcomm, with a total trading value of $130 billion. According to Bloomberg, Mr. Bo offered to buy a Qualcomm stake of $60 a share of $10 a share, about a 28% premium on the November 2 high-pass stock price. If the transaction is completed successfully, it will become the largest together in the global history of science and technology industry. The total trading value of $130 billion was crude and included $25 billion in net debt. The takeover offer is based on Qualcomm's acquisition of the NXP semiconductors, which is still being completed at $110 per share, or the termination of the deal. According to the statement, Hock Tan, chief executive of Bo Tong, said the proposal was reasonable for both shareholders and stakeholders. For Qualcomm shareholders, it provides an opportunity for immediate profit and, of course, opportunities to participate in the future potential development of the merged enterprise. If this transaction can be successfully completed, the merger will be prompted to become the global communications chip leader, with proud of the technology and product portfolio. Hock Tan stressed that if the two sides of the global common customers agree to the whole and recommend, Bo Tong will not offer a takeover. As the scale expands and product diversification, the merged enterprise will be able to provide the most advanced semiconductor solutions to the global customers and create more value for the shareholders. Once completed, Qualcomm will be able to focus more on innovative and inventive areas of strength. Given the common strengths and asset-sharing of the two sides, and the continued focus on technological innovation, it is believed that this transaction will create a quick benefit for all stakeholders. More importantly, as a member of a large merger, it is believed that the staff of both sides have benefited greatly from the great opportunities for growth and development. Bo Tong Finance Minister Thomas Krause said that the business continued to perform well, since 2013 has completed 5 major purchase together, with rapid deleveraging and successful integration of the good records of the enterprise, believe that the shareholders, employees and customers to create the greatest value. Given the complementary nature of each other's products, it is believed that the requirements of the regulatory authorities can be met immediately to complete the transaction quickly. Bo hopes to start negotiations with Qualcomm as soon as possible, and quickly signed a final agreement on this purchase of together.
