The current leadership Qualcomm opposes the proposal made by Broadcom takeover, due to a too low valuation of the company.
According to reports by Reuters, Qualcomm is not satisfied with the current rate of $ 70 per share. The company says that the cost is too underestimated. Qualcomm may voice its conditions today, 13 November 2017.
Broadcom seems to be ready to such developments. The company is considering the possibility of raising rates and plans to introduce its own Board of Directors of Qualcomm. If the shareholders agree to make a deal, they can vote for new Board members and force the current leadership to sit at the negotiating table.
Qualcomm uses its dominant position in the market of mobile processors. The company knows that this is a good advantage in the upcoming negotiations. The user can not fully argue against the idea of selling the business and try to withdraw the maximum benefits from this process.
Corporation Broadcom officially announced the manufacturer of the chipsets offer about the purchase last week, November 6, 2017. Analyst Financial Times suggested that the company intends to take possession of the 5G technology, which Qualcomm has succeeded. The transaction amount may exceed the record $ 100 billion.
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