13-11-2017 15:12 via feedproxy.google.com

Qualcomm rejects Broadcom's record-breaking $105 billion takeover attempt (AVGO, QCOM)

Qualcomm has officially rebuffed Broadcom's acquisition offer, which would mark the biggest-ever deal in the tech industry.
The company says it's worth more than Broadcom's $70-a-share offer.
This is just a minor hiccup for Broadcom, which is expecting to now escalate a proxy battle by appealing directly to Qualcomm shareholders.Qualcomm rejected Broadcom's $105 billion acquisition offer on Monday, but the battle has just begun.
The company's decision to decline what would be the biggest-ever t
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