Broadcom cheekily bids to replace entire Qualcomm board
The incumbent Qualcomm broad rejected Broadcom’s hostile acquisition bid, so Broadcom’s cunning plan is to replace it with one that may think differently.
When we reported the bid rejection we asked: what now? The general assumption was that Broadcom would raise its initial low-ball offer and the word on the street was that $80 per share might tempt its shareholders. But rather than do that it looks like Broadcom instead wants to ramp up the pressure on Qualcomm to accept the offer a
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