Qualcomm: Broadcom To Bid Higher, Say Bernstein, Canaccord, May Go Hostile

US chipmaker Qualcomm Inc. is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week

Under Broadcom's proposal, Qualcomm stockholders would receive per share and it will consist of $60.00 in cash and $10.00 per share in Broadcom shares.

NXP shares have been trading above Qualcomm's offer price, as many NXP shareholders, including hedge fund Elliott Management Corp, have been holding out for a better price.

The company's decision to decline what would be the biggest-ever tech deal simply opens the door for the inevitable proxy battle that will ultimately decide the fate of the chipmaker.

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I think he is a talent and I really respect him as an individual. "I don't think Jack is a ten", Merson told Sky Sports News . He said I needed more football so that's what I've got to do. "I want to be playing for my country", he said.

"It is the board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm relative to the Company's leadership position in mobile technology and our future growth prospects", executive chairman Paul Jacobs said in a release.

This could lead to a higher bid from Broadcom in the future, but there's no word on when Broadcom might make another offer. Broadcom bid $5.5 billion past year for data center-connectivity company Brocade.

On Monday, Qualcomm's (qcom) shares were up to nearly $66, though still below the $70 bid. If Qualcomm had approved the deal, the combined company would have created major changes in the chipmaking industry.

Apple Unveils Inaugural Scripted Series
Aniston and Witherspoon will both star in the untitled drama, marking Aniston's first regular TV role since " Friends ". In the meantime, the company has always been making noise about producing its own content on the movie and TV side.

Qualcomm shares rose 0.8 percent, to $65.11, while Broadcom was off by 1 percent, at $262.24 a share, after the rejection announcement. Monday's back and forth signaled to Walkley that "Qualcomm's licensing business remains undervalued and both companies believe Qualcomm can resolve its licensing issues with Apple and another leading OEM". Qualcomm officially rejected the initial bid today, which was for $105 billion (it was originally reported to be around $130 billion).

A building on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. "With a more extensive item broadening and a more noteworthy scale, the joined endeavor will be in the position to offer all the more mechanically propelled semiconductor answers for the organization's worldwide customers and lift investor esteem", he included.

Group warns against Britain's gender pay gap
Nicky Morgan, Conservative MP said "We've seen the best employers make ground breaking strides in tackling gender inequality". It could take over 100 years to close the gender pay gap if progress remains at current levels, a charity has warned.

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