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General

Elliott buys NXP stake, raising pressure on Qualcomm

Monday 7 August 2017 | 08:38 CET | News
The activist investor Elliott Management has acquired a 6 percent stake in chipmaker NXP Semiconductors and said it would push for a higher price from Qualcomm in its takeover of NXP. Elliott's stake, valued at USD 2.2-2.3 billion, makes it NXP's largest shareholder, Reuters reports.

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Categories: General
Companies: NXP Semiconductors / Qualcomm
Countries: World
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