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Qualcomm raises its bid to acquire NXP

Qualcomm today announced that it has reached an agreement with NXP Semiconductors NV to raise its bid to $127.50 per share from $110 and has lowered minimum tender threshold to 70% of outstanding shares instead of the 80% it required under the earlier terms. Qualcomm said that it has reached a binding agreement with nine NXP Stockholders who currently collectively own more than 28% of outstanding shares which excludes additional economic interests through derivatives. The latest offer values...
Read More at:
http://www.fonearena.com/blog/244297/qualcomm-raises-its-bid-to-acquire-nxp.html

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