NXP Semiconductors (NXPI) to Divest its Standard Products Business to Investor Consortium for $2.75B

NXP Semiconductors (NXPI): Divestiture Drives Deleveraging And In Turn, Multiple Expansion - Mizuho

Mizuho analyst, Vijay Rakesh, weighed in after NXP Semiconductors NV (NASDAQ: NXPI) announced after the close it was divesting its $1.2B/year revenue Standard Products business to a consortium of Beijing JAC Capital and Wise Road Capital for $2.75B. The new company will... More