Broadcom Adjusts Offer for Qualcomm to $79 Per Qualcomm Share
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Qualcomm (QCOM) Calls Broadcom's (AVGO) Latest Offer 'Inadequate'
February 21, 2018 1:51 PM ESTQualcomm Incorporated (NASDAQ: QCOM) today issued the following statement in response to today's reduced proposal by Broadcom Limited (NASDAQ: AVGO) to acquire all outstanding shares of Qualcomm for $79.00 per share ($57.00 in cash and $22.00 in Broadcom stock):
"Broadcom's reduced proposal has made an inadequate offer even worse despite the clear increase in value to Qualcomm stockholders from providing certainty around the... More
Qualcomm (QCOM) PT Lowered to $68 at Stifel; Lower Offer Could Drive Shareholders to Vote for Dissident Directors
February 21, 2018 10:14 AM ESTStifel lowered its price target on Qualcomm (NASDAQ: QCOM) to $68.00 (from $82.00) while maintaining a Hold rating.
Analyst Kevin Cassidy said Broadcom's lower offer of $79/share may concern QCOM shareholders and motivate a vote for Broadcom board nominees.
"Based on unscientific conversations... More
