1. Qualcomm-Broadcom Saga Headed to Dramatic Vote on Tuesday

    Qualcomm-Broadcom Saga Headed to Dramatic Vote on Tuesday

    As shareholders vote on who controls Qualcomm's board, there are many concerns beyond Broadcom's $117 billion takeover price that could come into play. ... Broadcom is betting that Qualcomm shareholders are angry enough to throw out a majority of the company's 11-member board of directors...

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    1. We would not attempt to call the vote but suspect it will be close and believe Broadcom is likely to win at least some board seats -- even if their quest for a majority fails.
    2. I think it is difficult for shareholders to replace the board of Fortune 100 companies.
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