Home Options Shares of Qualcomm Volatile on Buyout Speculation

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Shares of Qualcomm (QCOM) were volatile again in trading on Friday as traders continue to speculate on the likelihood of Broadcom gaining agreement from shareholders to buyout the company for a combined total of $82 per share in cash and stock. Qualcomm already rejected the hostile bid, so now Broadcom is seeking to woo shareholders into voting in favor of the merger at their meeting on March 6th. Thus far, speculation has yielded volatile trading as news continues to trickle in on the sentiment of shareholders. As of late Sunday evening, it was reported that Broadcom has secured as much as $100 billion in debt funding for its bid. QCOM shares closed at 63.99 for the session, up +2.52%. Keep an eye on the stock as this potential merger develops.

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