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Qualcomm Inc (QCOM.OQ)

QCOM.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Broadcom Adjusts Offer For Qualcomm To $79 Per Qualcomm Share
8:24am EST 

Feb 21 (Reuters) - Broadcom Ltd ::BROADCOM ADJUSTS OFFER FOR QUALCOMM TO $79 PER QUALCOMM SHARE.BROADCOM SAYS ALL OTHER TERMS OF PROPOSED MERGER AGREEMENT WITH QUALCOMM REMAIN UNCHANGED.BROADCOM LTD - REAFFIRMS ITS COMMITMENT TO ACQUIRING QUALCOMM.BROADCOM - PREPARED TO BUY QUALCOMM FOR $79 PER QUALCOMM SHARE, CONSISTING OF $57 IN CASH AND $22 IN BROADCOM SHARES.BROADCOM -ADJUSTING QUALCOMM OFFER AFTER QUALCOMM BOARD’S DECISION TO TRANSFER $4.10 PER QUALCOMM SHARE FROM QUALCOMM STOCKHOLDERS TO NXP STOCKHOLDERS.BROADCOM - LOOKS FORWARD TO CONCLUDING TRANSACTION WITH THIS QUALCOMM BOARD, OR NEWLY ELECTED QUALCOMM BOARD FOLLOWING ANNUAL MEETING ON MARCH 6, 2018.BROADCOM - PROPOSED DEAL WOULD PROVIDE FOR AUTOMATIC INCREASE OF $3/QUALCOMM SHARE, OR TOTAL OF $82/SHARE, IF QUALCOMM UNABLE TO COMPLETE NXP DEAL.BROADCOM - POTENTIAL AUTOMATIC INCREASE OF $3/QUALCOMM SHARE, OR TOTAL OF $82/SHARE, WOULD EQUATE TO $60 IN CASH & $22 IN BROADCOM SHARES.  Full Article

Qualcomm Says Open To Discussions With Broadcom For Proposal That Reflects "True Value" Of Co's Shares
Friday, 16 Feb 2018 08:02am EST 

Feb 16 (Reuters) - Qualcomm Inc ::QUALCOMM PROVIDES UPDATE ON MEETING WITH BROADCOM.QUALCOMM INC - BOARD FOUND MEETING WITH BROADCOM "TO BE CONSTRUCTIVE".QUALCOMM INC - ‍BOARD REMAINS UNANIMOUSLY OF VIEW THAT BROADCOM'S PROPOSAL MATERIALLY "UNDERVALUES" QUALCOMM​.QUALCOMM - BROADCOM EXPRESSED WILLINGNESS TO AGREE TO SOME POTENTIAL ANTITRUST-RELATED DIVESTITURES BEYOND THOSE IN PREVIOUSLY FILED AGREEMENT.QUALCOMM -BROADCOM CONTINUED TO RESIST AGREEING TO OTHER COMMITMENTS EXPECTED TO BE REQUIRED BY FTC, EUROPEAN COMMISSION, MOFCOM, OTHER REGULATORY BODIES.QUALCOMM - BROADCOM ALSO DECLINED TO RESPOND TO QUESTIONS ABOUT INTENTIONS FOR FUTURE OF QUALCOMM'S LICENSING BUSINESS.QUALCOMM - BROADCOM INSISTS ON CONTROLLING MATERIAL DECISIONS ON CO'S LICENSING BUSINESS DURING EXTENDED PERIOD BETWEEN SIGNING & POTENTIAL DEAL CLOSE.QUALCOMM - BOARD IS INTENSELY FOCUSED ON MAXIMIZING VALUE FOR QUALCOMM STOCKHOLDERS, WHETHER THROUGH EXECUTING ON GROWTH STRATEGY OR BY SELLING CO.QUALCOMM - IN FEB. 14 MEETING, BROADCOM REITERATED THAT $82.00 PER SHARE IS "ITS BEST AND FINAL PROPOSAL".QUALCOMM INC - ‍BOARD REMAINS UNANIMOUSLY OF VIEW THAT BROADCOM'S PROPOSAL HAS AN "UNACCEPTABLY" HIGH LEVEL OF RISK​.QUALCOMM INC - BOARD OPEN TO DISCUSSIONS WITH BROADCOM TO SEE IF PROPOSAL THAT APPROPRIATELY REFLECTS "TRUE VALUE" OF CO'S SHARES CAN BE OBTAINED.  Full Article

Qualcomm Issues Statement On Meeting With Broadcom
Wednesday, 14 Feb 2018 04:37pm EST 

Feb 14 (Reuters) - Broadcom Ltd ::QUALCOMM ISSUES STATEMENT ON MEETING WITH BROADCOM.QUALCOMM INC - "WE MET WITH REPRESENTATIVES OF BROADCOM FOR TWO HOURS EARLIER TODAY, AND LISTENED CAREFULLY TO WHAT THEY HAD TO SAY".QUALCOMM INC - ‍QUALCOMM BOARD WILL "PROMPTLY MEET TO DISCUSS MEETING AND TO DETERMINE NEXT STEPS"​.QUALCOMM - ISSUES STATEMENT AFTER ITS BOARD, SENIOR MANAGEMENT TEAM MET TODAY WITH BROADCOM TO DISCUSS BROADCOM'S PROPOSAL.  Full Article

Qualcomm Technologies Introduces A Set Of Wireless Edge Services
Wednesday, 14 Feb 2018 07:30am EST 

Feb 14 (Reuters) - Qualcomm Technologies::QUALCOMM TECHNOLOGIES ANNOUNCES THE INTRODUCTION OF QUALCOMM WIRELESS EDGE SERVICES.QUALCOMM WIRELESS EDGE SERVICES SOFTWARE IS EXPECTED TO BE EXPOSED THROUGH NEW APIS AND AVAILABLE ON SELECT CHIPSETS.  Full Article

Broadcom To Seek Election Of Six, Rather Than 11, Nominees To Qualcomm Board
Tuesday, 13 Feb 2018 08:00am EST 

Feb 13 (Reuters) - Broadcom Ltd ::BROADCOM TO SEEK THE ELECTION OF SIX, RATHER THAN 11, NOMINEES TO THE QUALCOMM BOARD.BROADCOM - CO'S SIX NOMINEES ARE SAMIH ELHAGE, DAVID GOLDEN, VERONICA HAGEN, JULIE HILL, JOHN KISPERT AND HARRY YOU.BROADCOM - ‍URGES QUALCOMM STOCKHOLDERS TO VOTE REVISED BLUE PROXY CARD FOR ALL 6 NOMINEES TO PRESERVE BENEFIT OF CO'S OFFER FOR QUALCOMM OF $82/SHARE​.  Full Article

Broadcom CEO Says Will Walk If Co's Board Does Not Have Control Over Qualcomm Board - CNBC ‍​
Monday, 12 Feb 2018 09:29am EST 

Feb 12 (Reuters) - :BROADCOM CEO HOCK TAN SAYS CO WILL WALK IF BOARD DOES NOT HAVE CONTROL OVER QUALCOMM BOARD - CNBC ‍​.  Full Article

Broadcom Signs Committed Financing Agreements To Fund Qualcomm Deal
Monday, 12 Feb 2018 07:00am EST 

Feb 12 (Reuters) - Broadcom Ltd ::BROADCOM AND FINANCING SOURCES SIGN BINDING FINANCING COMMITMENTS TO FUND CASH COMPONENT OF QUALCOMM ACQUISITION.BROADCOM LTD - SILVER LAKE JOINED BY KKR AND CVC IN $6 BILLION CONVERTIBLE NOTES FINANCING TO FUND QUALCOMM TRANSACTION.BROADCOM LTD - SIGNED COMMITTED FINANCING AGREEMENTS TO FUND ITS PROPOSED ACQUISITION OF QUALCOMM INC.BROADCOM LTD - ‍A GROUP OF 12 FINANCIAL INSTITUTIONS HAVE AGREED TO PROVIDE UP TO $100 BILLION OF COMMITTED CREDIT FACILITIES​.BROADCOM LTD - THE $100 BILLION COMMITTED CREDIT FACILITIES INCLUDE A $5 BILLION REVOLVING CREDIT FACILITY AND BRIDGE FINANCING.BROADCOM -‍AS RESULT FINANCING,HAS SUFFICIENT COMMITTED FINANCING TO FUND $60/SHARE CASH COMPONENT OF $82/SHARE OFFER TO ACQUIRE ALL SHARES OF QUALCOMM​.BROADCOM- INVESTMENT FUNDS AFFILIATED WITH SILVER LAKE, KKR, CVC TO GIVE $6 BILLION CONVERTIBLE NOTE FINANCING TO FUND DEAL, POST-CLOSING WORKING CAPITAL NEEDS.  Full Article

Broadcom Says If Qualcomm Deal Terminated Under Some Circumstances, Co Shall Pay Or Cause To Be Paid $3.6 Bln
Friday, 9 Feb 2018 08:25am EST 

Feb 9 (Reuters) - Broadcom Ltd ::IF QUALCOMM DEAL TERMINATED UNDER SOME CIRCUMSTANCES, CO SHALL PAY OR CAUSE TO BE PAID $3.6 BILLION IN CASH.$8 BILLION REVERSE TERMINATION FEE APPLICABLE IF QUALCOMM DEAL FAILS TO GET REGULATORY APPROVAL, AMONG OTHER CONDITIONS.  Full Article

Broadcom Reiterates That $82 Per Share Proposal for Qualcomm Is Best And Final​
Friday, 9 Feb 2018 01:06am EST 

Feb 9 (Reuters) - Broadcom Ltd ::BROADCOM WELCOMES MEETING WITH QUALCOMM.SAYS REITERATES THAT $82 PER SHARE PROPOSAL IS BEST AND FINAL​.SAYS REITERATES RECEIVING STRONG QUALCOMM STOCKHOLDER SUPPORT FOR BROADCOM'S $82 PER SHARE PROPOSAL​.‍DELIVERED A LETTER TO QUALCOMM​ ON FEB 8.SAYS MERGER AGREEMENT INCLUDES $8 BILLION REVERSE TERMINATION FEE​.TO ‍MAKE MEETING WITH QUALCOMM MORE PRODUCTIVE, PROVIDING A PROPOSED MERGER AGREEMENT THAT CO IS PREPARED TO ENTER INTO​.SAYS ‍REITERATES RECEIVING STRONG QUALCOMM STOCKHOLDER SUPPORT FOR "BROADCOM'S CLEAR PATH TO REGULATORY APPROVAL"​.‍FOLLOWING QUALCOMM'S ANNOUNCEMENT THAT IT IS WILLING TO MEET WITH CO, CO OFFERED TO MEET WITH QUALCOMM ON FRIDAY, SATURDAY OR SUNDAY​.  Full Article

Qualcomm Board Of Directors Unanimously Rejects Revised Broadcom Proposal
Thursday, 8 Feb 2018 04:04pm EST 

Feb 8 (Reuters) - Qualcomm Inc ::QUALCOMM BOARD OF DIRECTORS UNANIMOUSLY REJECTS REVISED BROADCOM PROPOSAL.QUALCOMM BOARD OF DIRECTORS UNANIMOUSLY REJECTS REVISED BROADCOM PROPOSAL.QUALCOMM INC - QUALCOMM OFFERS TO MEET TO SEE IF BROADCOM CAN ADDRESS SERIOUS DEFICIENCIES IN VALUE AND CERTAINTY.QUALCOMM INC - ‍QUALCOMM BOARD, ASSISTED BY ITS FINANCIAL AND LEGAL ADVISORS, DETERMINED THAT BROADCOM PROPOSAL MATERIALLY "UNDERVALUES" QUALCOMM​.QUALCOMM INC - ‍BROADCOM PROPOSAL FALLS "WELL SHORT OF FIRM REGULATORY COMMITMENT" BOARD WOULD DEMAND GIVEN SIGNIFICANT DOWNSIDE RISK OF A FAILED DEAL​.  Full Article

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Broadcom cuts Qualcomm bid to $117 billion

Broadcom Corp on Wednesday fired its latest salvo against Qualcomm Inc by lowering its takeover offer to $117 billion from $121 billion, a day after the U.S. chipmaker increased its own offer for NXP Semiconductors NV .