Qualcomm to reject Broadcom's 103 billion offer, Reports

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Qualcomm to reject Broadcom's 103 billion offer, Reports
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While on the other side, Broadcom's CEO Hock Tan, who said earlier this month he would redomicile his company to the United States from Singapore, has stated he is open to launching a takeover battle. The sources said Broadcom was preparing to submit a slate of directors by Qualcomm's Dec. 8 nomination deadline. That would allow Qualcomm shareholders to vote to replace the company's board and force it to engage with Broadcom.

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