Qualcomm Needs to Pick Broadcom or Never Gadfly

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Qualcomm Needs to Pick Broadcom or Never Gadfly
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Quaclomm shares have gained $15 billion in market value since the closing share price 10 days ago, before Bloomberg News reported Broadcom's interest in a deal. The stock price, even after a gain on Monday, remains below Broadcom's offer of $60 a share in cash and $10 a share in stock. The share level shows investor skepticism that the acquisition can pass muster with Qualcomm, its stockholders or regulators. Broadcom shares have retreated after initial gains on news of the approach.

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