Qualcomm will consult with financial and legal advisors to evaluate the proposal to seek action that best reflects the interests of Qualcomm shareholders. Qualcomm said it will not comment further until the board's assessment is completed.
Qualcomm said the board of directors and management have been continuing to implement its strategy so that while maintaining financial soundness and good capital return plans, the company is focused on investing in opportunities that allow it to extend its leadership in the mobile space to new areas and pinpoint its position , To meet the next stage of profit growth. With its technology and product roadmaps expanding into entirely new industries, Qualcomm has a tremendous opportunity to create significant added value for its shareholders.
According to Broadcom's proposal, $ 60 per share in cash plus $ 10 per share BroadcomstockThe acquisition of all outstanding Qualcomm shares, including debt, was valued at 130 billion U.S. dollars. Broadcom's proposal allows both share prices have achieved a certain degree of increase. Qualcomm in particular, due to frequent challenges of the patent licensing model, and large client Apple into legal proceedings, Qualcomm shares fell 16% from 2017 onwards.
Analysis said that if the completion of the transaction for Qualcomm will be both very good, and will become the largest technology M & A ever. However, even if the two sides reach an agreement, they still face strict regulatory review. (Cui Yuxian)