According to Bloomberg News reports, the Qualcomm board of directors rejected Broadcom's earlier offer of up to $ 121 billion this week, the tender offer in the technology industry is the largest ever.Quote may be held in the next month's general meeting, The shareholders decide on the future of this hostile takeover transaction.
On Thursday, Qualcomm said in a statement Broadcom quotes "seriously underestimate" the value of Qualcomm, and "a serious lack of regulatory commitment, which is necessary for the approval of such a transaction." Monday , Broadcom quotes the acquisition of Qualcomm raised to 82 US dollars per share, saying it as 'the best and the final' of the offer will be 60 US dollars in cash and 22 US dollars Broadcom shares in the form of acquisition of Qualcomm all the outstanding shares of Qualcomm Broadcom proposed in November last year, 70 US dollars per share offer higher than 17%, when the offer has also been rejected by Qualcomm.
Qualcomm said it has proposed meeting with Broadcom to see if the latter could solve the serious deficiencies in value and certainty in its offers.
Qualcomm may decide to give the decision to the deal, though Qualcomm will hold a general meeting on March 6 to decide whether or not to approve the deal, although Qualcomm declined to comment on the Broadcom offer for the second time The replacement of QUALCOMM's existing board members with Broadcom's nominees will make a choice between Qualcomm's shareholders and Broadcom's commitment to Broadcom's strategy of acquiring companies and focusing on improving profits, Management promises to promote future growth by investing in new products and technologies.
Qualcomm shares closed at $ 62.42 on Thursday, falling 4.03% from the previous trading day and Qualcomm shares rose 0.93% to $ 63 in after-hours trading as of press time.