Broadcom Ltd. opened the next front in its $105 billion takeover bid for Qualcomm Inc., saying Monday it plans to submit its own candidates to sit on its target’s board.
Nominees are due by the end of the week. Broadcom said it intends to propose 11 new independent directors, and would support expanding the board to reappoint three outside directors who were added as part of a mid-2015 deal with activist investor Jana Partners.
Broadcom...
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