– Qualcomm (NASDAQ:QCOM) and its advisors worked to reassert control and reprice the company’s $40B deal to acquire NXP Semiconductors (NASDAQ:NXPI) this past weekend, with many NXP shareholders deciding in recent months that the company would be worth more if it remained independent.
– The purchase is structured as a tender offer under Dutch law, requiring at least 80% of the shares be purchased by Qualcomm in order for it to take control.
– Closing the deal could also help Qualcomm defend a Broadcom (NASDAQ:AVGO) takeover.
source: insemicon.com
Qualcomm trying to solve NXP price issue