Investment advising close advocacy could force Broadcom to accommodate accord with Qualcomm

Institutional Shareholder Services (ISS) is an advising close that recommends to alternate funds, barrier funds and added big institutional investors, how they should vote on assertive aggregation matters. On Saturday, ISS advised in on the proxy action amid Broadcom and Qualcomm accompanying to the former's $82 a allotment bid for the latter. As we told you a little over a anniversary ago, Qualcomm alone Broadcom's "best and final offer" of $82 a allotment for Qualcomm. That accord is structured so that Qualcomm holders accept $60 in banknote and $22 in Broadcom banal for anniversary Qualcomm allotment they own. Besides demography

"Given the facts and advice accessible at this time, and accustomed the accepted architecture of the Qualcomm board, we accede that the acclamation of four Broadcom nominees to the 11-member [Qualcomm] lath seems to action a reasonable aisle to a adjourned deal, which is acceptable to be the best benign aisle for shareholders."-ISS report

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