Broadcom has maxed out on its ability to raise cash in the corporate debt market for the acquisition of Qualcomm, requiring a larger stock component in the bid. A stretched Broadcom in a strategic misstep offers Qualcomm a poison pill defense. NASDAQ QCOM , a bid worth a total of .In a strategic misstep, Broadcom Ltd. NASDAQ AVGO handed their takeover target a poison pill defense. Broadcom stated that their pursuit of Qualcomm Inc. NASDAQ QCOM was "contingent on the NXP transaction either closing at the originally agreed price, or being abandoned." Qualcomm has now ."Broadcom may have just handed Qualcomm a "poison pill," said Susquehannayst Christopher Rolland. "With the deal contingent upon NXP at $ or not at all, Qualcomm s Board of Directors can hinder the potential of a takeout by raising the bid for NXP, closer to the $ value that NXP activists .Yahoo! Inc. deployed a similar severance policy in after Corp. bid for the internet company, describing the plan as an attempt to keep employees and enhance shareholder value. Billionaire investor Carl Icahn, who was seeking control of Yahoo, slammed the policy, calling it a poison pill for a .
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