Morgan Stanley Downgrades NXP Semiconductors NV (NXPI) to Equalweight
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S&P Places NXP Semiconductors (NXPI) Ratings on CreditWatch Positive Amid Qualcomm Merger
October 28, 2016 11:09 AM EDTS&P Global Ratings placed its 'BBB-' long-term corporate credit ratings on NXP Semiconductors N.V. (Nasdaq: NXPI) and its subsidiary NXP B.V. on CreditWatch with positive implications.
We also put our issue ratings on debt issued by various NXP entities on CreditWatch positive.
The CreditWatch placement follows the announcement by leading global provider of wireless sector semiconductors and licensed technology Qualcomm Inc.'s that it had agreed to acquire NXP for $47 billion. The transaction will likely close in late 2017. The CreditWatch reflects the high... More
Qualcomm (QCOM) to Acquire NXP Semi (NXPI) in $47B Deal
October 27, 2016 6:31 AM EDTQualcomm 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
