Chipmaker NXP surges 10% on report Chinese regulators to restart review of Qualcomm bid

Chipmaker NXP surges 10% on report Chinese regulators to restart review of Qualcomm bid

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/14/nxp-up-on-report-chinese-regulators-to-restart-review-of-qualcomm-bid.html

Shares of NXP Semiconductors jumped 10.3 percent in the premarket Monday on a report that Chinese regulators will restart a review of Qualcomm's takeover bid for the company.

Bloomberg News reported, citing people familiar with the matter, the Chinese Ministry of Commerce has been asked to hasten the deal's review as well as Qualcomm's plans to protect local companies. Qualcomm shares climbed about 3 percent on the report.

Chipmaker NXP surges 10% on report Chinese regulators to restart review of Qualcomm bid

May 14, 2018, 12:25pm UTC
https://www.cnbc.com/2018/05/14/nxp-up-on-report-chinese-regulators-to-restart-review-of-qualcomm-bid.html >Shares of NXP Semiconductors jumped 10.3 percent in the premarket Monday on a report that Chinese regulators will restart a review of Qualcomm's takeover bid for the company. >Bloomberg News reported, citing people familiar with the matter, the Chinese Ministry of Commerce has been asked to hasten the deal's review as well as Qualcomm's plans to protect local companies. Qualcomm shares climbed about 3 percent on the report.