February 21, 2018 / 6:58 PM / in 9 months

BRIEF-Qualcomm Issues Statement On Reduced Broadcom Proposal

Feb 21 (Reuters) - Broadcom Ltd:

* QUALCOMM ISSUES STATEMENT ON REDUCED BROADCOM PROPOSAL

* QUALCOMM - “BROADCOM’S REDUCED PROPOSAL HAS MADE AN INADEQUATE OFFER EVEN WORSE”

* QUALCOMM - “BROADCOM HAS REFUSED AND CONTINUES TO REFUSE TO ENGAGE WITH QUALCOMM ON PRICE”

* QUALCOMM INC - “BROADCOM’S REVISED $79.00 PER SHARE PROPOSAL MATERIALLY UNDERVALUES QUALCOMM”

* QUALCOMM INC - BROADCOM’S REVISED $79.00 PER SHARE PROPOSAL “FAILS TO TAKE INTO ACCOUNT STRATEGIC AND FINANCIAL BENEFITS OF ACQUIRING NXP” Source text for Eikon: Further company coverage:

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