SAN<\/span> JOSE<\/span>, Calif., Nov. 6, 2017 \/PRNewswire\/ \u2014 Broad\u00adcom Limi\u00adt\u00aded (NASDAQ<\/span>: AVGO<\/span>) (\u201cBroad\u00adcom\u201d), a lea\u00adding semi\u00adcon\u00adduc\u00adtor device sup\u00adpli\u00ader to the wired, wire\u00adless, enter\u00adpri\u00adse sto\u00adrage, and indus\u00adtri\u00adal end mar\u00adkets, today announ\u00adced a pro\u00adpo\u00adsal to acqui\u00adre all of the out\u00adstan\u00adding shares of Qual\u00adcomm Incor\u00adpo\u00adra\u00adted (NASDAQ<\/span>: QCOM<\/span>) (\u201cQual\u00adcomm\u201d) for per share con\u00adside\u00adra\u00adti\u00adon of $70.00 in cash and stock.<\/p>\n Under Broadcom\u2019s pro\u00adpo\u00adsal, the $70.00 per share to be recei\u00adved by Qual\u00adcomm stock\u00adhol\u00adders would con\u00adsist of $60.00 in cash and $10.00 per share in Broad\u00adcom shares. Broadcom\u2019s pro\u00adpo\u00adsal repres\u00adents a 28% pre\u00admi\u00adum over the clo\u00adsing pri\u00adce of Qual\u00adcomm com\u00admon stock on Novem\u00adber 2, 2017, the last unaf\u00adfec\u00adted tra\u00adding day pri\u00ador to media spe\u00adcu\u00adla\u00adti\u00adon regar\u00adding a poten\u00adti\u00adal tran\u00adsac\u00adtion, and a pre\u00admi\u00adum of 33% to Qualcomm\u2019s unaf\u00adfec\u00adted 30-day volu\u00adme-weigh\u00adted avera\u00adge pri\u00adce. The Broad\u00adcom pro\u00adpo\u00adsal stands whe\u00adther Qualcomm\u2019s pen\u00adding acqui\u00adsi\u00adti\u00adon of NXP<\/span> Semi\u00adcon\u00adduc\u00adtors N.V. (\u201cNXP<\/span>\u201d) is con\u00adsum\u00adma\u00adted on the curr\u00adent\u00adly dis\u00adc\u00adlo\u00adsed terms of $110 per NXP<\/span> share or the tran\u00adsac\u00adtion is ter\u00admi\u00adna\u00adted. The pro\u00adpo\u00adsed tran\u00adsac\u00adtion is valued at appro\u00adxi\u00adm\u00adate\u00adly $130 bil\u00adli\u00adon on a pro for\u00adma basis, inclu\u00adding $25 bil\u00adli\u00adon of net debt, giving effect to Qualcomm\u2019s pen\u00adding acqui\u00adsi\u00adti\u00adon of NXP<\/span> on its curr\u00adent\u00adly dis\u00adc\u00adlo\u00adsed terms.<\/p>\n \u201c<\/span>Broadcom\u2019s pro\u00adpo\u00adsal is com\u00adpel\u00adling for stock\u00adhol\u00adders and stake\u00adhol\u00adders in both com\u00adpa\u00adnies. Our pro\u00adpo\u00adsal pro\u00advi\u00addes Qual\u00adcomm stock\u00adhol\u00adders with a sub\u00adstan\u00adti\u00adal and imme\u00addia\u00adte pre\u00admi\u00adum in cash for their shares, as well as the oppor\u00adtu\u00adni\u00adty to par\u00adti\u00adci\u00adpa\u00adte in the upsi\u00adde poten\u00adti\u00adal of the com\u00adbi\u00adned com\u00adpa\u00adny,\u201d said Hock Tan, Pre\u00adsi\u00addent and Chief Exe\u00adcu\u00adti\u00adve Offi\u00adcer of Broad\u00adcom. \u201cThis com\u00adple\u00admen\u00adta\u00adry tran\u00adsac\u00adtion will posi\u00adti\u00adon the com\u00adbi\u00adned com\u00adpa\u00adny as a glo\u00adbal com\u00admu\u00adni\u00adca\u00adti\u00adons lea\u00adder with an impres\u00adsi\u00adve port\u00adfo\u00adlio of tech\u00adno\u00adlo\u00adgies and pro\u00adducts. We would not make this offer if we were not con\u00adfi\u00addent that our com\u00admon glo\u00adbal cus\u00adto\u00admers would embrace the pro\u00adpo\u00adsed com\u00adbi\u00adna\u00adti\u00adon. With grea\u00adter sca\u00adle and broa\u00adder pro\u00adduct diver\u00adsi\u00adfi\u00adca\u00adti\u00adon, the com\u00adbi\u00adned com\u00adpa\u00adny will be posi\u00adtio\u00adned to deli\u00adver more advan\u00adced semi\u00adcon\u00adduc\u00adtor solu\u00adti\u00adons for our glo\u00adbal cus\u00adto\u00admers and dri\u00adve enhan\u00adced stock\u00adhol\u00adder value.\u201d<\/p>\n Tan con\u00adtin\u00adued, \u201cWe have gre\u00adat respect for the com\u00adpa\u00adny foun\u00added 32 years ago by Irwin Jacobs, Andrew Viter\u00adbi and their col\u00adle\u00adagues, and the revo\u00adlu\u00adtio\u00adna\u00adry tech\u00adno\u00adlo\u00adgies they deve\u00adlo\u00adped. Fol\u00adlo\u00adwing the com\u00adbi\u00adna\u00adti\u00adon, Qual\u00adcomm will be best posi\u00adtio\u00adned to build on its lega\u00adcy of inno\u00adva\u00adti\u00adon and inven\u00adti\u00adon. Given the com\u00admon strengths of our busi\u00adnesses and our shared heri\u00adta\u00adge of, and con\u00adtin\u00adued focus on, tech\u00adno\u00adlo\u00adgy inno\u00adva\u00adti\u00adon, we are con\u00adfi\u00addent we can quick\u00adly rea\u00adli\u00adze the bene\u00adfits of this com\u00adpel\u00adling tran\u00adsac\u00adtion for all stake\u00adhol\u00adders. Important\u00adly, we belie\u00adve that Qual\u00adcomm and Broad\u00adcom employees will bene\u00adfit from sub\u00adstan\u00adti\u00adal oppor\u00adtu\u00adni\u00adties for growth and deve\u00adlo\u00adp\u00adment as part of a lar\u00adger company.\u201d<\/p>\n Tho\u00admas Krau\u00adse, Broad\u00adcom Chief Finan\u00adcial Offi\u00adcer, added, \u201cThe Broad\u00adcom busi\u00adness con\u00adti\u00adnues to per\u00adform very well. Broad\u00adcom has com\u00adple\u00adted five major acqui\u00adsi\u00adti\u00adons sin\u00adce 2013, and has a pro\u00adven track record of rapidly dele\u00adver\u00adaging and suc\u00adcessful\u00adly inte\u00adgra\u00adting com\u00adpa\u00adnies to crea\u00adte value for our stock\u00adhol\u00adders, employees and cus\u00adto\u00admers. Given the com\u00adple\u00admen\u00adta\u00adry natu\u00adre of our pro\u00adducts, we are con\u00adfi\u00addent that any regu\u00adla\u00adto\u00adry requi\u00adre\u00adments neces\u00adsa\u00adry to com\u00adple\u00adte a com\u00adbi\u00adna\u00adti\u00adon with Qual\u00adcomm will be met in a time\u00adly man\u00adner. We look for\u00adward to enga\u00adging imme\u00addia\u00adte\u00adly in dis\u00adcus\u00adsions with Qual\u00adcomm so that we can sign a defi\u00adni\u00adti\u00adve agree\u00adment and com\u00adple\u00adte this tran\u00adsac\u00adtion expeditiously.\u201d<\/p>\n Stra\u00adte\u00adgic and Finan\u00adcial Benefits<\/b><\/p>\n The com\u00adbi\u00adned com\u00adpa\u00adny is expec\u00adted to have an invest\u00adment gra\u00adde cre\u00addit rating and strong cash flow gene\u00adra\u00adti\u00adon to faci\u00adli\u00adta\u00adte rapid deleveraging.<\/p>\n Appr\u00adovals and Financing<\/b><\/p>\n Broadcom\u2019s pro\u00adpo\u00adsal was unani\u00admously appro\u00adved by the Board of Direc\u00adtors of Broad\u00adcom. Broad\u00adcom is pre\u00adpared to enga\u00adge imme\u00addia\u00adte\u00adly in dis\u00adcus\u00adsions with Qual\u00adcomm to work toward a mutual\u00adly accep\u00adta\u00adble defi\u00adni\u00adti\u00adve agree\u00adment and is rea\u00addy to devo\u00adte all neces\u00adsa\u00adry resour\u00adces to fina\u00adli\u00adze the neces\u00adsa\u00adry docu\u00admen\u00adta\u00adti\u00adon on an expe\u00addi\u00adtious basis.<\/p>\n The pro\u00adpo\u00adsed tran\u00adsac\u00adtion will not be sub\u00adject to any finan\u00adcing con\u00addi\u00adti\u00adon. BofA Mer\u00adrill Lynch, Citi, Deut\u00adsche Bank, J.P. Mor\u00adgan and Mor\u00adgan Stan\u00adley have advi\u00adsed Broad\u00adcom in wri\u00adting that they are high\u00adly con\u00adfi\u00addent that they will be able to arran\u00adge the neces\u00adsa\u00adry debt finan\u00adcing for the pro\u00adpo\u00adsed tran\u00adsac\u00adtion. Sil\u00adver Lake Part\u00adners, which has ser\u00adved as a stra\u00adte\u00adgic part\u00adner to Broad\u00adcom in pri\u00ador tran\u00adsac\u00adtions, has pro\u00advi\u00added Broad\u00adcom with a com\u00admit\u00adment let\u00adter for a $5 bil\u00adli\u00adon con\u00adver\u00adti\u00adble debt finan\u00adcing in con\u00adnec\u00adtion with the transaction.<\/p>\n Broad\u00adcom expects that the pro\u00adpo\u00adsed tran\u00adsac\u00adtion would be com\u00adple\u00adted within appro\u00adxi\u00adm\u00adate\u00adly 12 months fol\u00adlo\u00adwing the sig\u00adning of a defi\u00adni\u00adti\u00adve agreement.<\/p>\n Redo\u00admic\u00adi\u00adle Announcement<\/b><\/p>\n As pre\u00advious\u00adly announ\u00adced on Novem\u00adber 2, 2017, Broad\u00adcom intends to redo\u00admic\u00adi\u00adle to chan\u00adge the parent com\u00adpa\u00adny of the Broad\u00adcom cor\u00adpo\u00adra\u00adte group from a Sin\u00adga\u00adpo\u00adre com\u00adpa\u00adny to a U.S. corporation.<\/p>\n Let\u00adter to Qualcomm<\/b><\/p>\n The full text of a let\u00adter sent to Qual\u00adcomm is below.<\/p>\n Novem\u00adber 6, 2017<\/p>\n Board of Directors Dear Mem\u00adbers of the Board of Directors:<\/p>\n On behalf of Broad\u00adcom, I am plea\u00adsed to sub\u00admit this pro\u00adpo\u00adsal to acqui\u00adre Qual\u00adcomm in a tran\u00adsac\u00adtion that will pro\u00advi\u00adde Qual\u00adcomm stock\u00adhol\u00adders with an imme\u00addia\u00adte, sub\u00adstan\u00adti\u00adal and com\u00adpel\u00adling pre\u00admi\u00adum to the value that would be achie\u00adva\u00adble by Qual\u00adcomm on a stan\u00adda\u00adlo\u00adne basis, as well as the oppor\u00adtu\u00adni\u00adty to par\u00adti\u00adci\u00adpa\u00adte in the upsi\u00adde poten\u00adti\u00adal of the com\u00adbi\u00adned company. <\/p>\n As you know from pri\u00ador dis\u00adcus\u00adsions bet\u00adween our two com\u00adpa\u00adnies, Broad\u00adcom has been inte\u00adres\u00adted for some time in com\u00adbi\u00adning Qualcomm\u2019s mobi\u00adle busi\u00adness with the Broad\u00adcom plat\u00adform. We con\u00adti\u00adnue to belie\u00adve that such a com\u00adbi\u00adna\u00adti\u00adon will deli\u00adver sub\u00adstan\u00adti\u00adal bene\u00adfits to our respec\u00adti\u00adve stock\u00adhol\u00adders, employees, cus\u00adto\u00admers and other stake\u00adhol\u00adders. We are hop\u00adeful that you will agree that the pro\u00adpo\u00adsal we out\u00adline in this let\u00adter pres\u00adents a com\u00adpel\u00adling oppor\u00adtu\u00adni\u00adty for Qual\u00adcomm stock\u00adhol\u00adders to rea\u00adli\u00adze both pre\u00adsent and future value for their Qual\u00adcomm shares. <\/p>\n Stra\u00adte\u00adgic Rationale<\/i><\/p>\n We have gre\u00adat respect for the lega\u00adcy Qual\u00adcomm has built sin\u00adce its foun\u00adding more than 30 years ago by Irwin Jacobs, Andrew Viter\u00adbi and their col\u00adle\u00adagues. Based on our know\u00adledge of the semi\u00adcon\u00adduc\u00adtor indus\u00adtry, we belie\u00adve that the\u00adre is a signi\u00adfi\u00adcant stra\u00adte\u00adgic, finan\u00adcial and ope\u00adra\u00adtio\u00adnal ratio\u00adna\u00adle for the pro\u00adpo\u00adsed tran\u00adsac\u00adtion. A com\u00adbi\u00adna\u00adti\u00adon of Qual\u00adcomm and Broad\u00adcom will crea\u00adte a strong, glo\u00adbal com\u00adpa\u00adny with an impres\u00adsi\u00adve port\u00adfo\u00adlio of indus\u00adtry-lea\u00adding tech\u00adno\u00adlo\u00adgies and pro\u00adducts. Given the high\u00adly com\u00adple\u00admen\u00adta\u00adry natu\u00adre of our busi\u00adnesses, we are con\u00adfi\u00addent that our glo\u00adbal cus\u00adto\u00admers will embrace the pro\u00adpo\u00adsed com\u00adbi\u00adna\u00adti\u00adon as we work stra\u00adte\u00adgi\u00adcal\u00adly with them to deli\u00adver more advan\u00adced value-added semi\u00adcon\u00adduc\u00adtor solutions.<\/p>\n Sin\u00adce I dis\u00adcus\u00adsed a com\u00adbi\u00adna\u00adti\u00adon with Ste\u00adve in August of last year, Broad\u00adcom has suc\u00adcessful\u00adly com\u00adple\u00adted the inte\u00adgra\u00adti\u00adon of the Broad\u00adcom-Ava\u00adgo com\u00adbi\u00adna\u00adti\u00adon, de-lever\u00aded its balan\u00adce sheet and meaningful\u00adly increased reve\u00adnues and pro\u00adfi\u00adta\u00adbi\u00adli\u00adty. As a result, Broad\u00adcom stock\u00adhol\u00adders have been reward\u00aded with a 55% app\u00adre\u00adcia\u00adti\u00adon in Broadcom\u2019s stock pri\u00adce sin\u00adce that time, ran\u00adking in the top 10% among the S&<\/span>P 500 over that peri\u00adod. We belie\u00adve the\u00adse fac\u00adtors, cou\u00adpled with our histo\u00adry of suc\u00adcessful acqui\u00adsi\u00adti\u00adons and inte\u00adgra\u00adti\u00adons, cle\u00adar\u00adly demons\u00adtra\u00adte our com\u00admit\u00adment and abili\u00adty to imple\u00adment value-enhan\u00adcing tran\u00adsac\u00adtions and deli\u00adver robust results for stock\u00adhol\u00adders, employees, cus\u00adto\u00admers and other stakeholders. <\/p>\n Pro\u00adpo\u00adsed Terms<\/i><\/p>\n We are offe\u00adring Qual\u00adcomm stock\u00adhol\u00adders $70.00 per share, con\u00adsis\u00adting of $60.00 per share in cash and $10.00 per share in Broad\u00adcom shares. This repres\u00adents a signi\u00adfi\u00adcant pre\u00admi\u00adum of 28% to the clo\u00adsing pri\u00adce of Qual\u00adcomm com\u00admon stock on Novem\u00adber 2, 2017, the last unaf\u00adfec\u00adted tra\u00adding day pri\u00ador to media spe\u00adcu\u00adla\u00adti\u00adon regar\u00adding a poten\u00adti\u00adal tran\u00adsac\u00adtion, and a pre\u00admi\u00adum of 33% to Qualcomm\u2019s unaf\u00adfec\u00adted 30-day volu\u00adme-weigh\u00adted avera\u00adge pri\u00adce. Our pro\u00adpo\u00adsal stands whe\u00adther your pen\u00adding acqui\u00adsi\u00adti\u00adon of NXP<\/span> is con\u00adsum\u00adma\u00adted on the curr\u00adent\u00adly dis\u00adc\u00adlo\u00adsed terms of $110 per share or that tran\u00adsac\u00adtion is terminated.<\/p>\n Our pro\u00adpo\u00adsal will enable Qual\u00adcomm stock\u00adhol\u00adders to achie\u00adve both imme\u00addia\u00adte cash value and the abili\u00adty to par\u00adti\u00adci\u00adpa\u00adte in the future suc\u00adcess of the com\u00adbi\u00adned enter\u00adpri\u00adse, which will bene\u00adfit from grea\u00adter sca\u00adle and broa\u00adder pro\u00adduct diver\u00adsi\u00adfi\u00adca\u00adti\u00adon. The com\u00adbi\u00adna\u00adti\u00adon of our two com\u00adpa\u00adnies and asso\u00adcia\u00adted syn\u00ader\u00adgies will be accre\u00adti\u00adve to Broadcom\u2019s ear\u00adnings, which will direct\u00adly bene\u00adfit Qual\u00adcomm stock\u00adhol\u00adders through their equi\u00adty owner\u00adship in the com\u00adbi\u00adned com\u00adpa\u00adny. We have signi\u00adfi\u00adcant expe\u00adri\u00adence with acqui\u00adring and inte\u00adgra\u00adting com\u00adpa\u00adnies and an estab\u00adlished track record of deli\u00adve\u00adring finan\u00adcial results for our stock\u00adhol\u00adders. I am con\u00adfi\u00addent that we can deli\u00adver simi\u00adlar results for our com\u00adbi\u00adned stock\u00adhol\u00adders should we con\u00adsum\u00adma\u00adte this transaction.<\/p>\n Finan\u00adcing<\/i><\/p>\n The pro\u00adpo\u00adsed tran\u00adsac\u00adtion will not be sub\u00adject to any finan\u00adcing con\u00addi\u00adti\u00adon. BofA Mer\u00adrill Lynch, Citi, Deut\u00adsche Bank, J.P. Mor\u00adgan and Mor\u00adgan Stan\u00adley have advi\u00adsed us in wri\u00adting that they are high\u00adly con\u00adfi\u00addent that they will be able to arran\u00adge the neces\u00adsa\u00adry debt finan\u00adcing for the pro\u00adpo\u00adsed tran\u00adsac\u00adtion. Sil\u00adver Lake Part\u00adners, which has ser\u00adved as a stra\u00adte\u00adgic part\u00adner to Broad\u00adcom in pri\u00ador tran\u00adsac\u00adtions, has pro\u00advi\u00added Broad\u00adcom with a com\u00admit\u00adment let\u00adter for a $5 bil\u00adli\u00adon con\u00adver\u00adti\u00adble debt finan\u00adcing in con\u00adnec\u00adtion with the tran\u00adsac\u00adtion. We also expect to main\u00adtain our invest\u00adment gra\u00adde cre\u00addit rating fol\u00adlo\u00adwing the pro\u00adpo\u00adsed tran\u00adsac\u00adtion. We and our advi\u00adsors are available to review our finan\u00adcing plans with you at your convenience.<\/p>\n Regu\u00adla\u00adto\u00adry Approvals<\/i><\/p>\n We and our advi\u00adsors have con\u00adduc\u00adted exten\u00adsi\u00adve ana\u00adly\u00adsis of the regu\u00adla\u00adto\u00adry appr\u00adovals that will be requi\u00adred in con\u00adnec\u00adtion with the pro\u00adpo\u00adsed tran\u00adsac\u00adtion, and we are con\u00adfi\u00addent that the tran\u00adsac\u00adtion will recei\u00adve all neces\u00adsa\u00adry appr\u00adovals in a time\u00adly man\u00adner. We would not make this offer if we were not con\u00adfi\u00addent that our com\u00admon glo\u00adbal cus\u00adto\u00admers would embrace the pro\u00adpo\u00adsed com\u00adbi\u00adna\u00adti\u00adon, and we do not anti\u00adci\u00adpa\u00adte any mate\u00adri\u00adal anti\u00adtrust or other regu\u00adla\u00adto\u00adry issues that would extend the nor\u00admal time\u00adta\u00adble for clo\u00adsing a tran\u00adsac\u00adtion of this nature. <\/p>\n Employees<\/i><\/p>\n We have a long histo\u00adry of pro\u00advi\u00adding out\u00adstan\u00adding oppor\u00adtu\u00adni\u00adties for lea\u00adder\u00adship and growth to employees, inclu\u00adding busi\u00adness unit lea\u00adders, of com\u00adpa\u00adnies we acqui\u00adre. Employees who have joi\u00adn\u00aded our com\u00adpa\u00adny as a result of acqui\u00adsi\u00adti\u00adons have beco\u00adme an inte\u00adgral part of our busi\u00adness, and we look for\u00adward to the oppor\u00adtu\u00adni\u00adty to wel\u00adco\u00adme Qualcomm\u2019s employees to Broadcom. <\/p>\n Con\u00adclu\u00adsi\u00adon<\/i><\/p>\n We belie\u00adve that our pro\u00adpo\u00adsal repres\u00adents the most attrac\u00adti\u00adve, value-enhan\u00adcing alter\u00adna\u00adti\u00adve available to Qual\u00adcomm stock\u00adhol\u00adders, and that it is in the best inte\u00adrests of both par\u00adties to pro\u00adceed as soon as pos\u00adsi\u00adble to reach agree\u00adment on a tran\u00adsac\u00adtion struc\u00adtu\u00adre and terms. We are rea\u00addy to devo\u00adte all neces\u00adsa\u00adry resour\u00adces to fina\u00adli\u00adze all docu\u00admen\u00adta\u00adti\u00adon on an expe\u00addi\u00adtious basis. We and our advi\u00adsors are pre\u00adpared to enga\u00adge in dis\u00adcus\u00adsions imme\u00addia\u00adte\u00adly to work toward a mutual\u00adly bene\u00adfi\u00adci\u00adal transaction. <\/p>\n We look for\u00adward to working with you to com\u00adple\u00adte this tran\u00adsac\u00adtion suc\u00adcessful\u00adly and sug\u00adgest that our respec\u00adti\u00adve finan\u00adcial and legal advi\u00adsors and seni\u00ador manage\u00adment team meet at your ear\u00adliest con\u00adve\u00adni\u00adence to work toward this goal.<\/p>\n This let\u00adter does not con\u00adsti\u00adtu\u00adte a bin\u00adding obli\u00adga\u00adti\u00adon or com\u00admit\u00adment of eit\u00adher com\u00adpa\u00adny to pro\u00adceed with any tran\u00adsac\u00adtion. No such obli\u00adga\u00adti\u00adons will in any event be impo\u00adsed on eit\u00adher par\u00adty unless and until a mutual\u00adly accep\u00adta\u00adble defi\u00adni\u00adti\u00adve agree\u00adment is for\u00admal\u00adly ente\u00adred into by both parties.<\/p>\n Sin\u00adce\u00adre\u00adly, <\/p>\n \/s\/ Hock Tan<\/p>\n Hock Tan Advi\u00adsors<\/b><\/p>\n Moe\u00adlis &<\/span> Com\u00adpa\u00adny LLC<\/span>, Citi, Deut\u00adsche Bank, J.P. Mor\u00adgan, BofA Mer\u00adrill Lynch and Mor\u00adgan Stan\u00adley are acting as finan\u00adcial advi\u00adsors to Broad\u00adcom. Wach\u00adtell, Lip\u00adton, Rosen &<\/span> Katz and Lat\u00adham &<\/span> Wat\u00adkins LLP<\/span> are acting as legal counsel.<\/p>\n Addi\u00adtio\u00adnal Materials<\/b><\/p>\n An inves\u00adtor pre\u00adsen\u00adta\u00adti\u00adon and info\u00adgra\u00adphic regar\u00adding Broadcom\u2019s pro\u00adpo\u00adsal will be filed with the Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon and is available on the Inves\u00adtor Rela\u00adti\u00adons page of Broadcom\u2019s website.<\/p>\n About Broad\u00adcom Limited<\/b><\/p>\n Broad\u00adcom Limi\u00adt\u00aded (NASDAQ<\/span>:AVGO<\/span>) is a lea\u00adding desi\u00adgner, deve\u00adlo\u00adper and glo\u00adbal sup\u00adpli\u00ader of a broad ran\u00adge of digi\u00adtal and ana\u00adlog semi\u00adcon\u00adduc\u00adtor con\u00adnec\u00adti\u00advi\u00adty solu\u00adti\u00adons. Broad\u00adcom Limited\u2019s exten\u00adsi\u00adve pro\u00adduct port\u00adfo\u00adlio ser\u00adves four pri\u00adma\u00adry end mar\u00adkets: wired infra\u00adstruc\u00adtu\u00adre, wire\u00adless com\u00admu\u00adni\u00adca\u00adti\u00adons, enter\u00adpri\u00adse sto\u00adrage and indus\u00adtri\u00adal &<\/span> other. Appli\u00adca\u00adti\u00adons for our pro\u00adducts in the\u00adse end mar\u00adkets include: data cen\u00adter net\u00adwor\u00adking, home con\u00adnec\u00adti\u00advi\u00adty, set-top box, broad\u00adband access, tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons equip\u00adment, smart\u00adphones and base sta\u00adti\u00adons, data cen\u00adter ser\u00advers and sto\u00adrage, fac\u00adto\u00adry auto\u00adma\u00adti\u00adon, power gene\u00adra\u00adti\u00adon and alter\u00adna\u00adti\u00adve ener\u00adgy sys\u00adtems, and elec\u00adtro\u00adnic displays.<\/p>\n For\u00adward-Loo\u00adking Statements<\/b><\/p>\n This com\u00admu\u00adni\u00adca\u00adti\u00adon con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments (inclu\u00adding within the mea\u00adning of Sec\u00adtion 21E<\/span> of the United Sta\u00adtes Secu\u00adri\u00adties Exch\u00adan\u00adge Act of 1934, as amen\u00added, and Sec\u00adtion 27A<\/span> of the United Sta\u00adtes Secu\u00adri\u00adties Act of 1933, as amen\u00added) con\u00adcer\u00adning Broad\u00adcom and Qual\u00adcomm. The\u00adse state\u00adments include, but are not limi\u00adt\u00aded to, state\u00adments that address Broadcom\u2019s expec\u00adted future busi\u00adness and finan\u00adcial per\u00adfor\u00admance and state\u00adments about (i) pro\u00adpo\u00adsed tran\u00adsac\u00adtion invol\u00adving Broad\u00adcom and Qual\u00adcomm and the expec\u00adted bene\u00adfits of the pro\u00adpo\u00adsed tran\u00adsac\u00adtion, (ii) the expec\u00adted bene\u00adfits of other acqui\u00adsi\u00adti\u00adons, (iii) Broadcom\u2019s plans, objec\u00adti\u00adves and inten\u00adti\u00adons with respect to future ope\u00adra\u00adti\u00adons and pro\u00adducts, (iv) Broadcom\u2019s com\u00adpe\u00adti\u00adti\u00adve posi\u00adti\u00adon and oppor\u00adtu\u00adni\u00adties, (v) the impact of acqui\u00adsi\u00adti\u00adons on the mar\u00adket for Broadcom\u2019s pro\u00adducts, and (vi) other state\u00adments iden\u00adti\u00adfied by words such as \u201cwill\u201d, \u201cexpect\u201d, \u201cbelie\u00adve\u201d, \u201canti\u00adci\u00adpa\u00adte\u201d, \u201cesti\u00adma\u00adte\u201d, \u201cshould\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cpoten\u00adti\u00adal\u201d, \u201cpre\u00addict\u201d, \u201cpro\u00adject\u201d, \u201caim\u201d, and simi\u00adlar words, phra\u00adses or expres\u00adsi\u00adons. The\u00adse for\u00adward-loo\u00adking state\u00adments are based on cur\u00adrent expec\u00adta\u00adti\u00adons and beliefs of the manage\u00adment of Broad\u00adcom, as well as assump\u00adti\u00adons made by, and infor\u00adma\u00adti\u00adon curr\u00adent\u00adly available to, such manage\u00adment, cur\u00adrent mar\u00adket trends and mar\u00adket con\u00addi\u00adti\u00adons and invol\u00adve risks and uncer\u00adtain\u00adties, many of which are out\u00adside Broadcom\u2019s and management\u2019s con\u00adtrol, and which may cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse con\u00adtai\u00adned in for\u00adward-loo\u00adking state\u00adments. Accor\u00addin\u00adgly, you should not place undue reli\u00adance on such statements.<\/p>\n Such risks, uncer\u00adtain\u00adties and assump\u00adti\u00adons include: the ulti\u00adma\u00adte out\u00adco\u00adme of any pos\u00adsi\u00adble tran\u00adsac\u00adtion bet\u00adween Broad\u00adcom and Qual\u00adcomm, inclu\u00adding the pos\u00adsi\u00adbi\u00adli\u00adty that Qual\u00adcomm will reject the pro\u00adpo\u00adsed tran\u00adsac\u00adtion with Broad\u00adcom; uncer\u00adtain\u00adties as to whe\u00adther Qual\u00adcomm will coope\u00adra\u00adte with Broad\u00adcom regar\u00adding the pro\u00adpo\u00adsed tran\u00adsac\u00adtion; the effect of the announce\u00adment of the pro\u00adpo\u00adsed tran\u00adsac\u00adtion on the abili\u00adty of Broad\u00adcom and Qual\u00adcomm\u00adto retain cus\u00adto\u00admers, to retain and hire key per\u00adson\u00adnel and to main\u00adtain favorable rela\u00adti\u00adonships with sup\u00adpli\u00aders or cus\u00adto\u00admers; the timing of the pro\u00adpo\u00adsed tran\u00adsac\u00adtion; the abili\u00adty to obtain regu\u00adla\u00adto\u00adry appr\u00adovals and satis\u00adfy other clo\u00adsing con\u00addi\u00adti\u00adons to the com\u00adple\u00adti\u00adon of the pro\u00adpo\u00adsed tran\u00adsac\u00adtion (inclu\u00adding share\u00adhol\u00adder appr\u00adovals); and other risks rela\u00adted to the com\u00adple\u00adti\u00adon of the pro\u00adpo\u00adsed tran\u00adsac\u00adtion and actions rela\u00adted the\u00adre\u00adto. Other risks, uncer\u00adtain\u00adties and assump\u00adti\u00adons that could mate\u00adri\u00adal\u00adly affect future results include: any risks asso\u00adcia\u00adted with loss of Broadcom\u2019s signi\u00adfi\u00adcant cus\u00adto\u00admers and fluc\u00adtua\u00adtions in the timing and volu\u00adme of signi\u00adfi\u00adcant cus\u00adto\u00admer demand; Broadcom\u2019s depen\u00addence on con\u00adtract manu\u00adfac\u00adtu\u00adr\u00aders and out\u00adsour\u00adced sup\u00adp\u00adly chain; any acqui\u00adsi\u00adti\u00adons Broad\u00adcom may make, as well as delays, chal\u00adlenges and expen\u00adses asso\u00adcia\u00adted with recei\u00adving govern\u00admen\u00adtal and regu\u00adla\u00adto\u00adry appr\u00adovals and satis\u00adfy\u00ading other clo\u00adsing con\u00addi\u00adti\u00adons, and with inte\u00adgra\u00adting acqui\u00adred com\u00adpa\u00adnies with Broadcom\u2019s exis\u00adting busi\u00adnesses and Broadcom\u2019s abili\u00adty to achie\u00adve the bene\u00adfits, growth pro\u00ads\u00adpects and syn\u00ader\u00adgies expec\u00adted from such acqui\u00adsi\u00adti\u00adons, inclu\u00adding Broadcom\u2019s pen\u00adding acqui\u00adsi\u00adti\u00adon of Bro\u00adca\u00adde Com\u00admu\u00adni\u00adca\u00adti\u00adons Sys\u00adtems, Inc. and Broadcom\u2019s pro\u00adpo\u00adsed acqui\u00adsi\u00adti\u00adon of Qual\u00adcomm; the abili\u00adty of Broad\u00adcom to inte\u00adgra\u00adte Qualcomm\u2019s busi\u00adness and make chan\u00adges to its busi\u00adness model, and to resol\u00adve legal pro\u00adcee\u00addings, govern\u00admen\u00adtal inves\u00adti\u00adga\u00adti\u00adons and cus\u00adto\u00admer dis\u00adpu\u00adtes rela\u00adting to Qualcomm\u2019s licen\u00adsing prac\u00adti\u00adces; Broadcom\u2019s abili\u00adty to accu\u00adra\u00adte\u00adly esti\u00adma\u00adte cus\u00adto\u00admers\u2019 demand and adjust Broadcom\u2019s manu\u00adfac\u00adtu\u00adring and sup\u00adp\u00adly chain accor\u00addin\u00adgly; Broadcom\u2019s signi\u00adfi\u00adcant indeb\u00adted\u00adness, inclu\u00adding the sub\u00adstan\u00adti\u00adal indeb\u00adted\u00adness Broad\u00adcom expects to incur in con\u00adnec\u00adtion with Broadcom\u2019s pro\u00adpo\u00adsed acqui\u00adsi\u00adti\u00adon of Qual\u00adcomm, and the need to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent cash flows to ser\u00advice and repay such debt; depen\u00addence on and risks asso\u00adcia\u00adted with dis\u00adtri\u00adbu\u00adtors of Broadcom\u2019sproducts; Broadcom\u2019s abili\u00adty to impro\u00adve its manu\u00adfac\u00adtu\u00adring effi\u00adci\u00aden\u00adcy and qua\u00adli\u00adty; increased depen\u00addence on a small num\u00adber of mar\u00adkets; quar\u00adter\u00adly and annu\u00adal fluc\u00adtua\u00adtions in ope\u00adra\u00adting results; cycli\u00adcal\u00adi\u00adty in the semi\u00adcon\u00adduc\u00adtor indus\u00adtry or in Broadcom\u2019s tar\u00adget mar\u00adkets; glo\u00adbal eco\u00adno\u00admic con\u00addi\u00adti\u00adons and con\u00adcerns; Broadcom\u2019s com\u00adpe\u00adti\u00adti\u00adve per\u00adfor\u00admance and abili\u00adty to con\u00adti\u00adnue achie\u00adving design wins with its cus\u00adto\u00admers, as well as the timing of tho\u00adse design wins; rates of growth in Broadcom\u2019s tar\u00adget mar\u00adkets; pro\u00adlon\u00adged dis\u00adrup\u00adti\u00adons of Broadcom\u2019s or its con\u00adtract manu\u00adfac\u00adtu\u00adr\u00aders\u2019 manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adties or other signi\u00adfi\u00adcant ope\u00adra\u00adti\u00adons; Broadcom\u2019sdependence on out\u00adsour\u00adced ser\u00advice pro\u00advi\u00adders for cer\u00adtain key busi\u00adness ser\u00advices and their abili\u00adty to exe\u00adcu\u00adte to its requi\u00adre\u00adments; Broadcom\u2019s abili\u00adty to main\u00adtain or impro\u00adve gross mar\u00adgin; Broadcom\u2019s abili\u00adty to main\u00adtain tax con\u00adces\u00adsi\u00adons in cer\u00adtain juris\u00addic\u00adtions; Broadcom\u2019s abili\u00adty to pro\u00adtect its intellec\u00adtu\u00adal pro\u00adper\u00adty and the unpre\u00addic\u00adta\u00adbi\u00adli\u00adty of any asso\u00adcia\u00adted liti\u00adga\u00adti\u00adon expen\u00adses; any expen\u00adses or repu\u00adta\u00adtio\u00adnal dama\u00adge asso\u00adcia\u00adted with resol\u00adving cus\u00adto\u00admer pro\u00adduct and war\u00adran\u00adty and indem\u00adni\u00adfi\u00adca\u00adti\u00adon claims; Broadcom\u2019s abili\u00adty to sell to new types of cus\u00adto\u00admers and to keep pace with tech\u00adno\u00adlo\u00adgi\u00adcal advan\u00adces; mar\u00adket accep\u00adtance of the end pro\u00adducts into which Broadcom\u2019s pro\u00adducts are desi\u00adgned; and other events and trends on a natio\u00adnal, regio\u00adnal and glo\u00adbal sca\u00adle, inclu\u00adding tho\u00adse of a poli\u00adti\u00adcal, eco\u00adno\u00admic, busi\u00adness, com\u00adpe\u00adti\u00adti\u00adve and regu\u00adla\u00adto\u00adry nature.<\/p>\n Broadcom\u2019s filings with the Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon (\u201cSEC<\/span>\u201d), which you may obtain for free at the SEC<\/span>\u2019s web\u00adsite at http:\/\/www.sec.gov<\/a>, dis\u00adcuss some of the important risk fac\u00adtors that may affect Broadcom\u2019sbusiness, results of ope\u00adra\u00adti\u00adons and finan\u00adcial con\u00addi\u00adti\u00adon. Broad\u00adcom under\u00adta\u00adkes no intent or obli\u00adga\u00adti\u00adon to publicly update or revi\u00adse any of the\u00adse for\u00adward loo\u00adking state\u00adments, whe\u00adther as a result of new infor\u00adma\u00adti\u00adon, future events or other\u00adwi\u00adse, except as requi\u00adred by law.<\/p>\n Addi\u00adtio\u00adnal Information<\/b><\/p>\n This com\u00admu\u00adni\u00adca\u00adti\u00adon does not con\u00adsti\u00adtu\u00adte an offer to buy or soli\u00adci\u00adta\u00adti\u00adon of an offer to sell any secu\u00adri\u00adties. This com\u00admu\u00adni\u00adca\u00adti\u00adon rela\u00adtes to a pro\u00adpo\u00adsal which Broad\u00adcom has made for an acqui\u00adsi\u00adti\u00adon of Qual\u00adcomm. In fur\u00adther\u00adance of this pro\u00adpo\u00adsal and sub\u00adject to future deve\u00adlo\u00adp\u00adments, Broad\u00adcom (and, if a nego\u00adtia\u00adted tran\u00adsac\u00adtion is agreed, Qual\u00adcomm) may file one or more regis\u00adtra\u00adti\u00adon state\u00adments, pro\u00adxy state\u00adments, ten\u00adder offer state\u00adments or other docu\u00adments with the SEC<\/span>. This com\u00admu\u00adni\u00adca\u00adti\u00adon is not a sub\u00adsti\u00adtu\u00adte for any pro\u00adxy state\u00adment, regis\u00adtra\u00adti\u00adon state\u00adment, ten\u00adder offer state\u00adment, pro\u00ads\u00adpec\u00adtus or other docu\u00adment Broad\u00adcom and\/or Qual\u00adcomm may file with the SECin con\u00adnec\u00adtion with the pro\u00adpo\u00adsed transaction.<\/p>\n Inves\u00adtors and secu\u00adri\u00adty hol\u00adders of Broad\u00adcom and Qual\u00adcomm are urged to read the pro\u00adxy statement(s), regis\u00adtra\u00adti\u00adon state\u00adment, ten\u00adder offer state\u00adment, pro\u00ads\u00adpec\u00adtus and\/or other docu\u00adments filed with the SEC<\/span> careful\u00adly in their enti\u00adre\u00adty if and when they beco\u00adme available as they will con\u00adtain important infor\u00adma\u00adti\u00adon about the pro\u00adpo\u00adsed tran\u00adsac\u00adtion. Any defi\u00adni\u00adti\u00adve pro\u00adxy statement(s) or prospectus(es) (if and when available) will be mai\u00adled to stock\u00adhol\u00adders of Broad\u00adcom and\/or Qual\u00adcomm, as appli\u00adca\u00adble. Inves\u00adtors and secu\u00adri\u00adty hol\u00adders will be able to obtain free copies of the\u00adse docu\u00adments (if and when available) and other docu\u00adments filed with the SEC<\/span> by Broad\u00adcom through the web site main\u00adtai\u00adned by the SEC<\/span> at http:\/\/www.sec.gov<\/a>.<\/p>\n This docu\u00adment shall not con\u00adsti\u00adtu\u00adte an offer to sell or the soli\u00adci\u00adta\u00adti\u00adon of an offer to buy any secu\u00adri\u00adties, nor shall the\u00adre be any sale of secu\u00adri\u00adties in any juris\u00addic\u00adtion in which such offer, soli\u00adci\u00adta\u00adti\u00adon or sale would be unlawful pri\u00ador to regis\u00adtra\u00adti\u00adon or qua\u00adli\u00adfi\u00adca\u00adti\u00adon under the secu\u00adri\u00adties laws of any such juris\u00addic\u00adtion. No offe\u00adring of secu\u00adri\u00adties shall be made except by means of a pro\u00ads\u00adpec\u00adtus mee\u00adting the requi\u00adre\u00adments of Sec\u00adtion 10 of the U.S. Secu\u00adri\u00adties Act of 1933, as amended.<\/p>\n This com\u00admu\u00adni\u00adca\u00adti\u00adon is neither a soli\u00adci\u00adta\u00adti\u00adon of a pro\u00adxy nor a sub\u00adsti\u00adtu\u00adte for any pro\u00adxy state\u00adment or other filings that may be made with the SEC<\/span>. None\u00adthel\u00adess, Broad\u00adcom and its direc\u00adtors and exe\u00adcu\u00adti\u00adve offi\u00adcers and other mem\u00adbers of manage\u00adment and employees may be dee\u00admed to be par\u00adti\u00adci\u00adpan\u00adts in the soli\u00adci\u00adta\u00adti\u00adon of pro\u00adxies in respect of the pro\u00adpo\u00adsed tran\u00adsac\u00adtions. You can find infor\u00adma\u00adti\u00adon about Broadcom\u2019s exe\u00adcu\u00adti\u00adve offi\u00adcers and direc\u00adtors in Broadcom\u2019s defi\u00adni\u00adti\u00adve pro\u00adxy state\u00adment filed with the SEC<\/span> on Febru\u00adary 17, 2017. Addi\u00adtio\u00adnal infor\u00adma\u00adti\u00adon regar\u00adding the inte\u00adrests of such poten\u00adti\u00adal par\u00adti\u00adci\u00adpan\u00adts will be included in one or more regis\u00adtra\u00adti\u00adon state\u00adments, pro\u00adxy state\u00adments, ten\u00adder offer state\u00adments or other docu\u00adments filed with the SEC<\/span> if and when they beco\u00adme available. The\u00adse docu\u00adments (if and when available) may be obtai\u00adned free of char\u00adge from the SEC<\/span>\u2019swebsite http:\/\/www.sec.gov<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Broad\u00adcom Pro\u00adpo\u00adsal Stands Whe\u00adther Qualcomm\u2019s Pen\u00adding Acqui\u00adsi\u00adti\u00adon of NXP<\/span> is Con\u00adsum\u00adma\u00adted on the Curr\u00adent\u00adly Dis\u00adc\u00adlo\u00adsed Terms of $110 per Share or the NXP<\/span> Tran\u00adsac\u00adtion is Terminated![](\"https:\/\/mma.prnewswire.com\/media\/597455\/Broadcom_Ltd_Logo.jpg\"){kind=logo}
<\/p>\n<\/div>\n\n
\n
\n
\nQual\u00adcomm Incorporated
\n5775 More\u00adhouse Drive
\nSan Die\u00adgo, CA<\/span> 92121<\/p>\n
\nPre\u00adsi\u00addent and Chief Exe\u00adcu\u00adti\u00adve Officer<\/p>\n
\nBroad\u00adcom and Qual\u00adcomm, Inclu\u00adding NXP<\/span>, Will Have Pro For\u00adma Fis\u00adcal 2017 Reve\u00adnues of Appro\u00adxi\u00adm\u00adate\u00adly $51 Bil\u00adli\u00adon and EBITDA<\/span> of Appro\u00adxi\u00adm\u00adate\u00adly $23 Bil\u00adli\u00adon, Inclu\u00adding Synergies
\nDeli\u00advers Imme\u00addia\u00adte, Sub\u00adstan\u00adti\u00adal and Com\u00adpel\u00adling Pre\u00admi\u00adum for Qual\u00adcomm Stockholders
\nSil\u00adver Lake Part\u00adners Pro\u00advi\u00addes $5 Bil\u00adli\u00adon Con\u00adver\u00adti\u00adble Debt Finan\u00adcing Com\u00admit\u00adment Let\u00adter to Sup\u00adport Tran\u00adsac\u00adtion (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[1386,1385],"class_list":["post-34818","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-broadcom","tag-qualcomm","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/34818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=34818"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/34818\/revisions"}],"predecessor-version":[{"id":34819,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/34818\/revisions\/34819"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=34818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=34818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=34818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}