(Reuters) Chipmaker Broadcom Ltd (AVGO.O) will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc (QCOM.O), unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, according to people familiar with the matter. Broadcom’s move comes after Qualcomm rejected its $103 billion cash-and-stock bid last month.
Broadcom Set To Unveil Challenge To Qualcomm’s Board
This entry was posted in Syndicated. Bookmark the permalink.
