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Qualcomm reaches agreement on NXP Semiconductors Qualcomm reaches agreement on NXP Semiconductors
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Qualcomm reaches agreement on NXP Semiconductors
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Old 26th February 2018, 05:52   #1
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Default Qualcomm reaches agreement on NXP Semiconductors

Cost a bit more than expected

Qualcomm has reached an agreement with NXP Semiconductors to increase to $127.50 per share its previously announced cash tender offer to purchase all outstanding shares of NXP.

The amended agreement, which was approved by the Qualcomm and NXP Boards of Directors, also lowers the minimum tender condition from 80 percent of NXPs outstanding shares to 70 percent.
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