trending Market Intelligence /marketintelligence/en/news-insights/trending/5f6km6rzibbfnwvjmpvtxq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Qualcomm extends cash tender offer for outstanding NXP shares


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Qualcomm extends cash tender offer for outstanding NXP shares

A subsidiary of Qualcomm Inc. has extended to April 2 its cash tender offer to acquire all outstanding common shares of NXP Semiconductors NV.

The tender offer will now expire at 5 p.m. ET on April 2, unless extended or terminated earlier. A total of 51,995,023 NXP shares, representing about 15.1% of NXP Semiconductors' outstanding common shares, were validly tendered and not properly withdrawn as of 5 p.m. ET on March 22, according to the American Stock Transfer & Trust Co. LLC, the depository for the tender offer.

Qualcomm and NXP are collaborating closely to seek additional time to complete the transaction from the Federal Trade Commission. Under the Hart-Scott-Rodino Antitrust Improvements Act, current clearance for the transaction will expire April 3. Regulatory approval to complete a transaction expires one year after clearance is obtained.

Qualcomm raised its offer for NXP Semiconductors to $127.50 per share from $110.00 per share in February.