However, the acquisition program still failed to be Qualcomm accepted after Qualcomm has said the bid is still too low, and this week's Valentine's Day, the two companies for the first time the talks, Qualcomm internal communication quickly held on the matter of directors meeting.
Qualcomm's board of directors yesterday said it would send a letter to Broadcom today, the answer remains the same as before, the board agreed that the $ 82 per share acquisition program seriously underestimated the value of the company Qualcomm prospects are good, or adhere to the current strategy.At the same time the proposal is not In the best interests of the company's shareholders, can not be accepted by the board of directors.
Although Qualcomm still rejects the takeover offer, the board believes the talks are constructive because, in addition to the measures in the public merger agreement aimed at obtaining antitrust approval, Broadcom representatives also expressed their agreement to agree on a specific potential antitrust-related The will to divest assets In the future, both parties further discuss Qualcomm will be open to determining whether it is possible to reach a real value that properly reflects the Qualcomm shares.