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Qualcomm Board of Directors Unanimously Rejects Broadcom's Unsolicited Proposal (qualcomm.com)

Posted by msmash on from the thanks-but-no-thanks dept.

U.S. chipmaker Qualcomm on Monday rejected rival Broadcom's $103 billion bid to purchase the company, stating that Broadcom's proposal "dramatically undervalues" Qualcomm and comes with "significant regulatory uncertainty.".

1 of 31 comments (clear)

  1. You can say that again by goombah99 · · Score: 3, Interesting

    Anyone noticed that AVGO (broadcom stock symbol) has a PE ratio of 225-275 while Qualcom is near 20-30.

    It's not that the offer isn't right, and based on qualcoms stock history it's about right, its that if they pay in stock instead of cash it's trading bad shares for good.

    --
    Some drink at the fountain of knowledge. Others just gargle.