BMO Capital Upgrades Qualcomm (QCOM) to Market Perform

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Go back to BMO Capital Upgrades Qualcomm (QCOM) to Market Perform

Qualcomm (QCOM) to Acquire NXP Semi (NXPI) in $47B Deal

October 27, 2016 6:31 AM EDT

Qualcomm Incorporated (NASDAQ: QCOM) and NXP Semiconductors N.V. (NASDAQ: NXPI) today announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP. Pursuant to the agreement, a subsidiary of Qualcomm will commence a tender offer to acquire all of the issued and outstanding common shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion.

NXP is a leader in high-performance, mixed-signal semiconductor electronics, with innovative products and solutions and leadership positions in automotive,... More