Qualcomm's Board Unanimously Rejects Broadcom Offer

[Guest]

The company rejected an offer of roughly $130 billion in cash and stock because it "significantly undervalues Qualcomm relative to the Company’s leadership position in mobile technology and our future growth prospects."

Qualcomm's Board Unanimously Rejects Broadcom Offer : Read more

 

[-Fran-]

I have to say I really laughed with this one.

So Qualcomm believes they can do better in the short term than what that 28% above-price represents for the price per share.

I have to say I do believe them.

Still this "well... thanks, but no thanks" answer was funny.

Cheers!