Qualcomm raises offer for NXP Semiconductors

Qualcomm raises offer for NXP Semiconductors

6 years ago
Anonymous $v9r5mEH86V

https://www.cnbc.com/2018/02/20/qualcomm-raises-offer-for-nxp-semiconductors.html

raised its offer to buy $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp.

Qualcomm said it need to buy a minimum 70 percent of NXP's outstanding shares in a tender offer, instead of the 80 percent it required under the earlier terms. The latest offer values NXP at $44 billion.