1. Elliott Discloses NXP Stake, to Push for Higher Price in Qualcomm Deal

    Elliott Discloses NXP Stake, to Push for Higher Price in Qualcomm Deal

    By Liana B. Baker and Anya George Tharakan (Reuters) - Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV and indicated it was pushing for a higher price tag in NXP's pending sale to Qualcomm Inc for $38 billion in cash. Elliott's stake, valued at roughly $2.2 billion to $2.3 billion, makes it NXP's largest shareholder, and the hedge fund's biggest activist shareholder campaign involving a semiconductor company to date...

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    1. While we believe NXP could be worth $110 or more on a stand-alone basis, some investors believe that Qualcomm should pay up to $130 per share for NXP.
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