What Proxy Advisory Firms Recommend for AVGO-QCOM-NXP Merger

As the date nears for Qualcomm’s (QCOM) shareholder meeting, where a decision about Broadcom’s (AVGO) hostile takeover of Qualcomm will be made, proxy advisory firms gave their recommendations on the three-way merger between AVGO, QCOM, and NXP Semiconductors (NXPI). On February 16, 2018, proxy advisory firm ISS (Institutional Shareholder Services) stated that although Broadcom’s $82 per share offer doesn’t adequately value Qualcomm, it presents a good start for further negotiations.