Qualcomm rejects Broadcom acquisition offer; extends tender offer deadline for NXP
Company fears loss of business in the event of merger
Qualcomm’s board of directors has unanimously rejected a revised, unsolicited offer by Broadcom to acquire all outstanding shares of Qualcomm for USD82 per share, USD60 in cash and USD22 in Broadcom stock, the US-based chipmaker said in a press release on 9 February.
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