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Qualcomm nearing agreement on Broadcom deal terms, says ready for due diligence

Monday 26 February 2018 | 16:05 CET | News
Update: 27 February 2018 | 09:22 CET
Qualcomm said it is nearing an agreement with Broadcom on issues other than price in the latter's proposed takeover of Qualcomm. The two companies met a second time on 23 February and Qualcomm released a letter to Broadcom outlining its stance on the discussions. Qualcomm reiterated that it still finds the price offered by Broadcom, including its earlier higher bid of USD 82 per share, too low, but the company is open to starting due diligence in order to come to a better offer. 

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[27/02/2018 09:22- Update: Adds Broadcom response, FT report. ]


Categories: Mobile & Wireless
Companies: Broadcom / Qualcomm
Countries: World
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