Deals
Broadcom Delays Higher Qualcomm Bid Until Next Year
- Tan’s Broadcom set to propose directors slate by Dec. 8
- Qualcomm may face heightened pressure on go-it-alone strategy
Qualcomm Investors Think Broadcom's Offer Is Too Low
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Broadcom Ltd. isn’t planning to increase its $105 billion offer for Qualcomm Inc. ahead of a proposal next week to replace directors on its board, according to people familiar with the matter.
Broadcom doesn’t anticipate increasing its $70-a-share offer until closer to Qualcomm’s board meeting in March, said the people, who asked not to be identified because the matter is private. Broadcom plans to nominate directors to Qualcomm’s board ahead of a Dec. 8 deadline, the people said.