Deals
Qualcomm Investors Want Bump of $10 a Share From Broadcom
- Broadcom’s bid is attempt to ‘steal’ chipmaker, investor says
- Tan has reputation for getting mostly what he wants in deals
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Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there.
“We would be very interested in evaluating an offer that begins with an 8,” said Daniel O’Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund, which owns Qualcomm stock. The board “should urge Broadcom to come back with a higher bid.”