Institutional Shareholder Services (ISS) is an advisory firm that recommends to mutual funds, hedge funds and other big institutional investors, how they should vote on certain company matters. On Saturday, ISS weighed in on the proxy battle between Broadcom and Qualcomm related to the former’s $82 a share bid for the latter. As we told you a little over a week ago, Qualcomm rejected Broadcom’s “best and final offer” of $82 a share for Qualcomm. That deal is structured so that Qualcomm holders receive $60 in cash and $22 in Broadcom stock for each Qualcomm share they own.
Besides taking …