March 1, 2018 / 12:41 PM / 7 months ago

BRIEF-Qualcomm says Broadcom's Offers Undervalue Company

March 1 (Reuters) - Qualcomm Inc:

* QUALCOMM'S BOARD OF DIRECTORS ISSUES STATEMENT

* QUALCOMM INC - BOARD REMAINS UNANIMOUS IN ITS VIEW THAT BROADCOM'S ALL OFFERS "MATERIALLY UNDERVALUES" COMPANY

* QUALCOMM INC - "‍URGE" SHAREHOLDERS TO VOTE WHITE PROXY CARD TO RE-ELECT ALL 11 QUALCOMM DIRECTORS ​

* QUALCOMM - "NOT IN BEST INTEREST" OF CO'S STOCKHOLDERS TO ELECT BROADCOM'S NOMINEES​, ‍WITHOUT A "MEANINGFUL DISCUSSION" ON PRICE, CLOSING CERTAINTY, LICENSING BUSINESS

* QUALCOMM INC - ‍QUALCOMM BOARD "REMAINS READY TO ENGAGE" WITH BROADCOM ON PRICE, CLOSING CERTAINTY AND LICENSING BUSINESS TALKS​

* QUALCOMM INC - CO "ATTEMPTED TO ENGAGE" WITH BROADCOM ON ISSUES INCLUDING PRICE, REGULATORY AND OTHER CLOSING CERTAINTIES​

* AT MEETINGS ON FEBRUARY 14 AND FEBRUARY 23, BROADCOM "REFUSED TO ENGAGE IN GOOD FAITH"​ Source text for Eikon: Further company coverage:

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