Report
Brian Colello, CPA
EUR 101.80 For Business Accounts Only

Broadcom Makes Its Best and Final Offer for Best Idea Qualcomm at $82 Per Share; Maintaining FVEs

We will maintain our $255 stand-alone fair value estimate for narrow-moat Broadcom Limited as the firm presents its "best and final" offer to acquire Qualcomm at $82 per share, or $121 billion in total market cap, composed of $60 per share in cash and the remainder in Broadcom stock. We’re not surprised by the revised bid, as we have believed for the past couple of months that Broadcom could reasonably take its bid as high as $85 per share and still see nice accretion from the deal. We still bel...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Colello, CPA

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