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. REUTERS/Mike Blake
SAN FRANCISCO: Qualcomm Inc investors want at least US$10 (RM41.40) more than the US$70-a-share Broadcom Ltd is offering. If history is any guide, they might get partway there.
“We would be very interested in evaluating an offer that begins with an 8,” said Daniel O’Keefe, a fund manager of the US$3.1bil Artisan Global Value Fund, which owns Qualcomm stock. The board “should urge Broadcom to come back with a higher bid”.
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