Broadcom Remains Fully Committed to Acquisition of Qualcomm
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/27/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Fox Factory sells Marucci Sports for $225M, cuts debt
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
Broadcom (AVGO) Gears Up for Hostile Fight as Qualcomm (QCOM) Rejects $103B Takeover Offer
November 13, 2017 1:05 PM ESTEarlier today, Qualcomm (NASDAQ: QCOM) announced that its board unanimously rejected Broadcom's (Nasdaq: AVGO) unsolicited $70 per share takeover proposal. However, Qualcomm is far from out of the woods. While Broadcom would prefer a friendly deal, it is indicating to the market that it might go hostile.
In a... More
UPDATE: Qualcomm (QCOM) PT Raised to $83 at Canaccord Genuity
November 13, 2017 11:47 AM EST(Updated - November 13, 2017 1:19 PM EST)
(updated to expand analyst comment)
Canaccord Genuity raised its price target on Qualcomm (NASDAQ: QCOM) to $83.00 (from $76.00) while maintaining a Buy rating after the company rejected the offer from AVGO.
Analyst T. Michael Walkley cited... More
