Qualcomm (QCOM) Commences $10B Tender Offer

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Go back to Qualcomm (QCOM) Commences $10B Tender Offer

Qualcomm Commences Tender Offer to Purchase up to $10 Billion of its Shares

July 31, 2018 7:30 AM EDT

SAN DIEGO, July 31, 2018 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) announced today that it commenced a "modified Dutch auction" tender offer to purchase up to $10 billion of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $60.00 nor greater than $67.50 per share of common stock, to the seller in cash, less any applicable withholding taxes and without interest (the "Offer"). The Offer is made upon the terms and subject to the... More