Report: Broadcom to release its candidates for Qualcomm's board tomorrow as deal turns hostile

Broadcom's $103 billion bid for fellow chipmaker Qualcomm is not only unsolicited, it is now hostile. With the latter turning down what would be the largest acquisition in the history of the tech sector, Broadcom plans on trying an end around to get the deal done. According to people close to the transaction, this involves starting a proxy fight for control of Qualcomm's board. These sources say that this will all start Monday when Broadcom announces its slate of candidates to run against Qualcomm's current board.

Qualcomm shareholders will get to vote between the company's present Board ...