The CEO called any idea about canceling a partnership that predated its Fuji merger "ludicrous," even as two large shareholders are seeking to block the deal.
The activist investor is urging the maker of Rubbermaid containers, Mr. Coffee machines and Elmer's glue to table divestiture plans announced last month until shareholders get to vote on the insurgent's ten director candidates.
Qualcomm heads into its March 6 annual meeting with a hostile bid from Broadcom and an $82 share price -- a level its shareholders haven't see for years.
Privet Fund is seeking to install four dissident directors to the restaurant chain's eight person board in a move that could help push an auction process forward.
The corporate raider-turned-activist is worried about over-leveraged ETFs and a massive transfer of capital to index funds.
The hostile suitor said that unless it has a deal in hand or shareholders approve Broadcom's slate of directors, it would withdraw its bid after Qualcomm's March 6 shareholder vote.
A dispute with Apple and trends in China's smart phone market are weighing down Qualcomm's expectations for the second quarter. The timing could be better, as Broadcom is waging a hostile takeover offer and Elliott Management contests Qualcomm's bid for NXP.
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