I’m fine with the US government blocking the deal, if they’ll pay for the losses to the shareholders under the ‘Takings’ Clause.
Qualcomm has been running the company for management’s benefit, not the benefit of shareholders. (Although they did try to appear to clean up their act a bit when Broadcom made its run.) If they pull off this political gambit, it will likely be back to business as usual.
The Broadcom offer was to roughly pay full market price for the stock, and then throw in about $20 of Broadcom stock, as I recall the last offer. It was fair enough that Qualcomm has been having to engage in a tough proxy fight. This latest move of pulling political strings suggests that they were losing that fight.
Thanks for the info.