Qualcomm Raises it Bid for NXP Semiconductors
- 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...