0
Wireless

Qualcomm buyback offer attracts USD 5 bln in shares

Tuesday 28 August 2018 | 15:19 CET | News
Qualcomm announced the results of its accelerated share buyback offer and said it will spend USD 5.1 billion to buy back the 76.2 million shares tendered. The company will pay USD 67.50 per share, slightly more than its recently traded stock price and the top of its indicated range. The tender offer was for in total up to USD 10 billion in stock. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

NXP still uncertain about macro-economic conditions as Q1 comes within guidance, but lower

Published 30 Apr 2019 12:12 CET | World
NXP Semiconductors reported revenues off 8 percent from the year before to USD 2.1 billion in the first quarter, a bit higher ...

Qualcomm posts net loss, forecasts fall in next quarter's revenues

Published 07 Nov 2018 22:57 CET | World
Qualcomm reported a net loss for its fiscal fourth quarter to September, hurt by the USD 2 billion paid to NXP for not completing ...

Qualcomm inks accelerated share buyback deal worth USD 16 bln with banks

Published 13 Sep 2018 14:44 CET | World
Qualcomm has cut an accelerated buyback deal with Bank of America, Citibank and Morgan Stanley, for the repurchase of USD 16 ...