Qualcomm rejects Broadcom's $103 billion offer
NEW YORK (AP) " Qualcomm is rejecting an unsolicited, $013 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance.Qualcomm said Monday that it's in a unique position to grow on its own.Broadcom's proposal last week represented a 28 percent premium over the closing price of Qualcomm shares on November 2, but analysts were expecting Qualcomm the reject the $70- [...]
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