They just lowered their best and final offer. If they can lower, they can also up the offer to $90. Fair game.
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This simply tells the fact that Tan has no real vision of the consolidated company. His backers don't really trust him in the long run with all the debt he is about to borrow. Also, it's not an all-cash offer. The institutional investors are not able to cash out immediately and have to stay with the new company under Tan's leadership. That's why they won't vote blue.
Best and final = Best/top price and final price.
This mean they can go down based on the situation. Cannot understand why QC is going after NXPI, if this is for customer base, kiosk's then wrong thinking !
Of course the potential NXP deal puts pressure on Q stock price. Funny how many clueless people here thought the NXP deal would save us. It actually makes Q an easier target.
It means Hock was going to use monies QCOM had in cash for purchase. I bet those banks he had $100B in guarantees made margin call and told him they were going to reneg deal at $82.
If they change their best and final offer, then it wasn't final after all. It can go down as well as up.
Im not sure I follow your logic.
If I can afford to pay 82 dollars, then I can afford to pay 79 dollars.
I cannot necessarily afford to pay 90.
The inflated offer for nxp devalued the company. That’s not something to be celebrated.