Qualcomm (QCOM) Ratings Placed on CreditWatch Negative by S&P Amid NXP Semi Deal
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Cowen Sees the Qualcomm/NXP Semi Deal as 'Transformational' (QCOM) (NXPI)
October 27, 2016 2:19 PM EDTCowen & Company affirms Qualcomm (Nasdaq: QCOM) at Outperform with a price target of $74 after the company announced a merger deal with NXP Semiconductor (Nasdaq: NXPI).
The firm commented on Thursday: While not without integration... More
Moody's Places NXP Semi (NXPI) Ratings on Review for Upgrade Amid Qualcomm Deal
October 27, 2016 11:12 AM EDTMoody's Investors Service ("Moody's") placed under review for upgrade the ratings of NXP B.V. ("NXP") and NXP's publicly-traded parent, NXP Semiconductors N.V.'s (Nasdaq: NXPI), including NXP's Ba1 Corporate Family Rating ("CFR"), Baa2 senior secured rating, and Ba1 senior unsecured rating, and NXP Semiconductors' Ba2 cash convertible notes rating. This follows today's announcement that Qualcomm Inc. ("Qualcomm") plans to acquire NXP Semiconductors for $110 per share or about... More
