Broadcom believes that a responsible Qualcomm board could have preserved value by following [proxy advisor Institutional Shareholder Services]'s clear recommendation to work with Broadcom on the NXP transaction and negotiate the sale of Qualcomm to Broadcom.In Broadcom Lowers Bid for Qualcomm to $79 Per Share, Down From $82 Per Share
Broadcom remains confident that Qualcomm's stockholders will continue to support its proposal to acquire Qualcomm, and looks forward to concluding a transaction with this Qualcomm board of directors, or the newly elected Qualcomm board following its annual meeting.In Broadcom Lowers Bid for Qualcomm to $79 Per Share, Down From $82 Per Share
I urge CFIUS to promptly review Broadcom's proposed acquisition of control of Qualcomm's board, and to act prior to the March 6 Qualcomm meeting to address any national security concerns that may be identified.In A Secretive U.S. Group That Can Stop Mergers is Looking at Broadcom's Attempted Hostile Takeover of Qualcomm