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Qualcomm Raises it Bid for NXP Semiconductors

Business Insider
  • Qualcomm raised its bid for NXP Semiconductors to $127.50 a share from $110.
  • Qualcomm would need to buy a minimum of 70% of NXP's outstanding shares in a tender offer.
  • The latest deal values NXP at $44 billion.

(Reuters) - U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp...

Mentions: Management Hedge Fund Elliott Management