Broadcom increased bid to acquire Qualcomm

Broadcom Ltd will increase its offer to buy Qualcomm Inc. by offering more of its own stock. Two chipmaker companies consult where Broadcom indicates to apply pressure on Qualcomm to negotiate by offering more to shareholders and threatening to replace the board of directors.

Broadcom's CEO Hock Tan has publicly declared to take over and is preparing for a list of candidates for directors whose Qualcomm shareholders wishing to engage in the deal will have the right at a shareholder general meeting on March 6.

Tinuku Broadcom increased bid to acquire Qualcomm

Broadcom has offered US$103 billion for Qualcomm in which an additional $ 60 per share in cash and US$10 per share of its own shares. Increasing bids by adding more shares will enable Broadcom not to add debt and further credit ratings.

Qualcomm's shareholders have indicated it is at least in the $ 80 range, but Broadcom's board has not yet decided on the latest bid rate. Qualcomm's shares gained 2 percent at US$68.05 in afternoon trade, while Broadcom shares fell 0.3 percent to US$275.82 after the latest news offering.

Qualcomm is in a patent infringement dispute with Apple Inc., and is struggling to close its US$38 billion acquisition of NXP Semiconductors NV in October 2016. NXP shares have been trading above Qualcomm's offer price.