Qualcomm proposes price talks with Broadcom in potential step toward deal
Qualcomm said on Monday that all of Broadcom’s previous offers – which would represent the largest technology deal on record – materially undervalued it, but proposed that the two companies discuss price and look more closely at the other’s books. The proposal came after a second meeting between the companies on Friday, and a week before Qualcomm shareholders are scheduled to vote on the make-up of its board. Broadcom has put forward six nominees for election to Qualcomm’s 11-member board in a shareholder vote scheduled for March 6, as a way to force deal negotiations with Qualcomm.
Source:: https://finance.yahoo.com/news/qualcomm-proposes-due-diligence-price-112343863.html
