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Bo Tong CFO talks about the purchase of Qualcomm: the deal can meet all the anti-monopoly regulations

via:博客园     time:2017/12/7 21:06:30     readed:61


Tencent technology news, according to foreign reports, Broadcom chief financial officer Thomas - Claus (Thomas Krause) said in the earnings teleconference held on Wednesday, he was able to spend $103 billion acquisition of Qualcomm antitrust transactions to obtain regulatory approval with confidence.

Claus said:

Broadcom is the predecessor of Annwa technology company, currently headquartered in Singapore. The company is trying to become the world's mainstream chip vendors. Broadcom mainly for the production of mobile devices, connected with the chip server. The company announced last month, has submitted an offer to Qualcomm, will be $60 per share in cash and $10 worth of the company Qualcomm stock acquisition of all outstanding shares, the transaction price was $103 billion. Plus high debt, the transaction price of more than $130 billion, is the largest scale in the history of science and technology acquisitions. Once the acquisition, the new company after the acquisition of Qualcomm will become super

High Qualcomm then formally rejected the 103 billion dollar bid offered by Bo Tong. Paul, executive chairman and chairman of the board of directors, Paul

Chen Fuyang, the chief executive of Bo Tong, said last month that if Qualcomm refused, Bo Tong was still intending to carry out a hostile takeover. On Monday, news said that Bo Tong would provide a list of new director nominations to Qualcomm. It is reported that Bo Tong has set up a list of 11 new high Qualcomm directors, including 9 men and 2 women. This is also the first step of a hostile takeover to Qualcomm. If the vote is passed at the shareholders' meeting in March 6th next year, these people will be successful in promoting the Bo Tong's acquisition of Qualcomm.

In response to this official announcement.

This statement said Qualcomm, Broadcom and Silver Lake capital requirements shareholders foreclosure, redemption option, and let them decide on a non binding proposal. Qualcomm believes that the Bo Tong's motion is an attempt to speed up the takeover agenda by controlling the board.

According to the financial report released on Wednesday, the company's net profit in the fourth quarter is 636 million yuan and earnings per share is 1.50 yuan, compared with a net loss of 632 million US dollars last year and a loss of 1.59 US dollars per share. Excluding certain one-time items, the quarterly adjusted earnings per share were $4.59. The battalion was $4 billion 840 million in the quarter, up from $4 billion 140 million in the same period last year. The FactSet survey of financial and financial information suppliers showed that analysts had expected to gain $4.52 per share in the fourth quarter, with revenue of $4 billion 830 million.

For the first quarter, it is expected that its revenue will reach 5 billion 220 million to 5 billion 370 million dollars, compared with the average expected 4 billion 830 million dollars. It also said that it would raise the quarterly dividend by 72%, from $1.02 to $1.75. Driven by the results of super market expectations, Broadcom shares rose in after hours trading Wednesday 5%.

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