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It's far from over! Broadcom/AVGO likely assumes that their bid to takeover Qualcomm would not be met with smiles. Broadcom can convince Qualcomm shareholders
by wyldfire 9y ago
It's far from over!
Broadcom/AVGO likely assumes that their bid to takeover Qualcomm would not be met with smiles. Broadcom can convince Qualcomm shareholders to replace the board with one that will accept the offer (or subsequent offers). Once the friendly board is in place, they might halt the NXP acquisition (forfeiting some good-faith deposit to NXP) and convince regulators that they would divest Qualcomm's IP from their semiconductors. This would make regulators happy and it would set the stage for them to court AAPL for future design wins.
- colejohnson66 9y ago> Broadcom can convince Qualcomm shareholders to replace the board with one that will accept the offer (or subsequent offers). Is that even legal?
- azernik 9y agoTotally. That's the definition of a hostile takeover. In principle, the board just represents the shareholders, and if they're not doing what the shareholders want then they have the absolute right to replace them.