(Reuters) - Chipmakers Broadcom Ltd and Qualcomm Inc continued their war of words on Monday, as Singapore-based Broadcom called its U.S. semiconductor peer's proposal to negotiate a higher offer price "engagement theater".
The back-and-forth statements set the tone for a meeting on March 6 where Qualcomm shareholders will decide whether to re-elect the current board or Broadcom's slate of six nominees.
Qualcomm shares have risen 7.1 percent, while Broadcom shares have fallen nearly 9 percent, since the latter's first bid on Nov. 6, 2017.
NXP Semiconductors NV, caught in the melee, has seen its shares rise 6.6 percent since Nov. 6, and over 25 percent since Oct. 2016 when it struck its own original deal to sell itself to Qualcomm.
Here are important events that have taken place since Broadcom made its first bid to buy Qualcomm:
Source : Yahoo
No comments:
Post a Comment