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NXP shareholders push for higher bid from Qualcomm - report

Wednesday 31 May 2017 | 14:41 CET | News
Shareholders of NXP Semiconductors are pushing the company to renegotiate its takeover by Qualcomm and secure a higher price, people familiar with the process told Bloomberg. The activist investor Elliott Management is among at least three large NXP shareholders agitating for a higher price, and they are preparing to approach NXP to renegotiate terms of the deal announced last October. They they argue the offer of USD 110 per share undervalues NXP.

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Categories: Mobile & Wireless
Companies: NXP Semiconductors / Qualcomm
Countries: World
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