Morgan Stanley Downgrades NXP Semiconductors NV (NXPI) to Equalweight
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Qualcomm to Acquire NXP
October 27, 2016 6:30 AM EDTSAN DIEGO, and EINDHOVEN, The Netherlands, Oct. 27, 2016 /PRNewswire/ -- 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.Â
NXP is a leader in high-performance, mixed-signal semiconductor electronics,... More
