|"I don't see any scenario where AVGO wrestles control of the Board, and pulls off a hostile takeover."|
I wouldn't be unconcerned there: it's a real risk. In a fight like this, it's all a matter of who wins the hearts of the institutional investors, who collectively will decide the proxy vote. And you can bet both sides are out there campaigning among them.
Q needs to get the NXPI deal closed and keep up the good press on things like Centriq, gigabyte LTE and so on to build value and belief in their future. Otherwise many institutional investors will have a hard time passing up the immediate gain, perhaps enough to carry a BoD slate.