https://seekingalpha.com/news/3334245-ft-qualcomm-wants-90-share-broadcom?source=intbrokers_regular
2 replies (most recent on top)
Any news on layoffs anyone got notice yet ?
I'm sure most shareholders want an extra 11 dollars over the offered price, it's free money.
The cynic would say that the board are trying to appear like they're engaging in the process, but only to influence the vote on the 6th, especially if it's looking a little closer than they'd like.
They could, of course, just be pushing for as high a price as they can to do their duty to the shareholders.
Broadcom is unlikely to up their offer. If they're feel confident, they'll let it run it's course. If the lose the vote, they always have the opportunity to increase their bid after the vote/meeting.
At this point, the board cannot accept 79 dollars. Broadcom won't delay and perform due diligence.
The deal will go ahead (IMHO), but just at a higher price should Broadcom not win the vote.