Qualcomm also said it has offered to meet with Broadcom to see if it can address the serious deficiencies in value and certainty in its proposal. But the board is open to meeting with Broadcom leaders in a commitment "to exploring all options for maximizing shareholder value".
Broadcom's bid for the larger company is Tan's most audacious move following a string of deals that have already made his company one of the world's largest suppliers of semiconductors.
The board had determined that Broadcom's proposal "materially undervalues" Qualcomm and fell short of the firm regulatory commitment the deal would demand, given the significant downside risk of a failed transaction, the company said.
Broadcom pledged to pay a "significant" breakup fee if a deal with Qualcomm is vetoed by regulators. "If you are not willing to agree to do whatever is necessary to ensure a transaction closes, we will need you to be extremely clear and specific about exactly what actions you would refuse to take, so that we can properly evaluate the risk to Qualcomm's shareholders".
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Schulz's defenders emphasize new commitments on welfare spending, housing and pensions, and worker-friendly labor law reforms. Four years ago, the majority of the party's rank and file were on board with joining Merkel's government.
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The New York Times' Marc Stein further reports that the Minnesota Timberwolves will try to sign Rose once he is bought out. The 29-year-old signal caller first rose to stardom under Thibodeau's tutelage with the Chicago Bulls.
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The virus is entirely different, which means people who've already been sick with the flu this season can get sick all over again. The CDC continues to recommend the flu vaccine, not only to prevent the flu but potentially lessen its severity, Schuchat said.
The latest offer is contingent on Qualcomm acquiring NXP Semiconductors N.V. for $110 per share, or the transaction's termination.
On Monday, Broadcom offered to buy the U.S. chip maker for $82 per share, a 50 percent premium on the firm's share price on November 2 2017 and a 56 percent premium on the last 30 days as a weighted average.
Broadcom is incorporated and now based in Singapore, but Tan announced late a year ago while visiting President Donald Trump at the White House that the company would return its corporate headquarters to the USA, using San Jose as a base.
Broadcom has been pursuing a deal with the chip maker for the past three months. However, while this is good news for the time being, there's still the potential that Qualcomm will eventually sell.
Broadcom shares were flat in afterhours trading at $229.57 with a market value of $94 billion after falling 3.2% in another wild trading day of losses on big exchanges. Qualcomm said it would challenge that fine.