Qualcomm rejects Broadcom record takeover attempt, proxy battle looms

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Qualcomm rejects Broadcom record takeover attempt, proxy battle looms
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The original approach came on November 6, when Broadcom offered $70 a share for Qualcomm . Even before the deal was rebuffed Monday, Broadcom had been preparing for a proxy battle in which it would appeal directly to Qualcomm shareholders, according to a Bloomberg News report . Another tactic Broadcom could use is to nominate directors for Qualcomm's board ahead of the company's annual general meeting in 2018.

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