
NXP said the takeover will add to adjusted earnings from next year. It expects USD 200 million in cost savings from the merger already in 2016 and to save eventually USD 500 million per year thanks to the synergies. NXP also announced the closing of the sale of its RF Power business to Jianguang Asset Management, one of the conditions of the takeover. The cash proceeds for the sale will be received later this month.