SM said that the money will be used to buy back stock. Will they buy them for the value that Broadcom was offering or for the value his incompetent management reduced it to?
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either way Stevie wins! Sweet, awesome, brilliant mate!
He said the stock is cheap, so I would assume at current market prices...SM should be forced to cover the difference (from $82 a share) and put some more money back in shareholders' pockets.
You are soooo getting tracked now
A million $ kustin.
Longer term , kanat looz NXPI.