Broadcom rethinks its options with Qualcomm

Broadcom is evaluating its options following Qualcomm’s decision to raise its offer price for NXP Semiconductors to $127.50 per share.

Broadcom said the price increase “demonstrates the Qualcomm board’s disregard for its fiduciary duty to maximize value for Qualcomm stockholders” and that it transfer $6.2 billion of value from Qualcomm shareholders to NXP shareholders.