Broadcom cuts Qualcomm bid by US$3 per share

Broadcom cuts Qualcomm bid by US$3 per share

FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo
REUTERS: Broadcom Corp has lowered its takeover offer for chipmaker Qualcomm Inc to US$79 per share from US$82 to account for the latter's increased offer for NXP Semiconductors NV , Broadcom said on Wednesday.The new offer consists of US$57 per share in cash and US$22 per share in Broadcom shares, premised on Qualcomm's revised agreement on Tuesday to buy NXP at US$127.50 per share.The older offer comprised of US$60 per share in cash and US$22 per share in stock.(Reporting by Supantha Mukherjee in Bengaluru; editing by Patrick Graham)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/broadcom-cuts-qualcomm-bid-by-us-3-per-share-9978574