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  • Safi Bello

Broadcom set to unveil challenge to Qualcomm's board: sources

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. Qualcomm shareholders who want the company to engage in sale talks will be able to vote on Broadcom’s board director slate on March 6. To learn more click on the picture below to read the article.

Broadcom set to unveil challenge to Qualcomm's board: sources - Read More from Reuters

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