Qualcomm Board of Directors Unanimously Rejects Broadcom's Unsolicited Proposal
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Broadcom (AVGO) Gears Up for Hostile Fight as Qualcomm (QCOM) Rejects $103B Takeover Offer
November 13, 2017 1:05 PM ESTEarlier today, Qualcomm (NASDAQ: QCOM) announced that its board unanimously rejected Broadcom's (Nasdaq: AVGO) unsolicited $70 per share takeover proposal. However, Qualcomm is far from out of the woods. While Broadcom would prefer a friendly deal, it is indicating to the market that it might go hostile.
In a... More
UPDATE: Qualcomm (QCOM) PT Raised to $83 at Canaccord Genuity
November 13, 2017 11:47 AM EST(Updated - November 13, 2017 1:19 PM EST)
(updated to expand analyst comment)
Canaccord Genuity raised its price target on Qualcomm (NASDAQ: QCOM) to $83.00 (from $76.00) while maintaining a Buy rating after the company rejected the offer from AVGO.
Analyst T. Michael Walkley cited... More
