February 26, 2018 / 10:11 PM / 3 months ago

BRIEF-Qualcomm Calls on Broadcom to "Stop Misleading Stockholders and to Negotiate in Good Faith"

Feb 26 (Reuters) - Broadcom Ltd:

* QUALCOMM SAYS “‍HAS NO INTENTION OF DELAYING ANNUAL MEETING AND MADE THAT CLEAR TO BROADCOM DURING OUR FEBRUARY 23 MEETING​”

* QUALCOMM - “REMAINS UNANIMOUS IN ITS VIEW THAT BROADCOM’S CURRENT OFFER” OF $79.00/SHARE & PREVIOUS OFFER OF $82.00/SHARE “MATERIALLY UNDERVALUES CO”

* ‍QUALCOMM SAYS HAS REPEATEDLY ATTEMPTED TO ENGAGE WITH BROADCOM ON ISSUES INCLUDING PRICE, INCLUDING AT MEETINGS ON FEB 14 AND FEB 23​

* QUALCOMM INC SAYS IN FEB 14 AND FEB 23 MEETINGS, BROADCOM REFUSED TO ENGAGE ON PRICE Source text for Eikon: Further company coverage:

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