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Qualcomm extends NXP offer as only 16% of shares tendered

Thursday 6 April 2017 | 10:55 CET | News
Qualcomm has extended its takeover offer for NXP Semiconductors for another month, after only 16.3 percent of shares were tendered so far. The takeover for USD 47 billion was first agreed last October and is expected to close by the end of 2017. The bid is now open until 02 May after the latest extension. Qualcomm said that as of 03 April, 16.3 percent of NXP's common shares had been validly tendered. The company's offer is conditional on acquiring at least 80 percent of NXP's shares.

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