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0.00143148927255906 -0.000139657490005808 0.00378820941640624 0.00540299914459787 -0.000619730111900546 -0.00557320671054234 0.00106052406473122 -0.00670355952027653
Stock impact report

Broadcom's Tan to Face Difficult Audience With Qualcomm Board [Bloomberg Business News]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Broadcom Ltd. Chief Executive Officer Hock Tan has had his own way over the past three years as the driving force in consolidating a $380 billion semiconductor industry. He’s about to face a much tougher crowd.  Tan is trying to engineer the largest takeover in the history of the technology industry, a $121 billion bid for Qualcomm Inc. that’s been rejected on grounds it undervalues a wireless leader and pioneer. While the target company has now agreed to meet to toss ideas around, Qualcomm CEO Steve Mollenkopf told employees the offer doesn’t mean a deal is on, and reminded investors to vote against the bid at a pivotal March 6 shareholder meeting. Tan, who’s stressed he’d prefer a friendly approach, said Friday Broadcom’s offer was final -- squelching hope of a sweetener but also dangling the prospect of an $8 billion breakup fee. He’s taking a harsher line in an appeal to Qualcomm’s shareholders, ratcheting up his criticism of the company’s perfo Show less Read more
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