Search DubaiPRNetwork.com

Home >> Banking & Investments

Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP

Sunday, February 11, 2018/ Editor -  

Share

Home >> Banking & Investments

DUBAI – February 11, 2018 –   Qualcomm Incorporated (NASDAQ: QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on February 23, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. 

American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has advised Qualcomm River Holdings B.V. that as of 5:00 p.m., New York City time, on February 8, 2018, the last business day prior to the announcement of the extension of the offer, 5,290,312 NXP common shares (excluding 18,439 shares tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee), representing approximately 1.5% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn. Shareholders who have already tendered their common shares of NXP do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer. 

Completion of the tender offer remains subject to additional conditions described in the tender offer statement on Schedule TO filed by Qualcomm River Holdings B.V. with the U.S. Securities and Exchange Commission on November 18, 2016, as amended (the “Schedule TO”). Such conditions include the receipt of regulatory approvals and at least 80% of NXP’s outstanding shares being validly tendered and not withdrawn prior to the expiration of the tender offer (including any extensions). The tender offer will continue to be extended until all conditions are satisfied or waived, or until the tender offer is terminated, in either case pursuant to the terms of the Purchase Agreement by and between Qualcomm River Holdings B.V. and NXP and as described in the Schedule TO. The transaction is expected to close in early 2018.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Sharjah Police and Emirates Auction launch a new online auction

RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Si ...

Diabetes Center to organize session on the power of “Brain Parenting”

DHL Express Announces Egyptian Football Superstar Mohamed Salah as Brand Ambassa ...

Jaguar Racing Complete Global Debut of Jaguar I-pace Etrophy Racecar

Tunisian Besbes gets ready for the World Championships with NAS Fencing gold

mson Reuters Releases True Cost of Financial Crime Report Featuring NEW Findings ...

OMO Set To Launch the 9th Edition Of Its Charitable Initiative 'Share A Touch Of ...

Tips for healthy eating during Ramadan

Experience MG Motor This Ramadan

Kristoff Hopes for Hometown Heroics as Hammer Series Starts in Stavanger

Genesys brings the future of customer engagement to the Middle East with AI-powe ...

IVI Middle East Fertility Clinic Hits Another Milestone

Iftar at Roda Al Murooj

Iftar At Roda Al Bustan

Roger Dubuis Excalibur Knights of the Round Table III

STARVAC launches a new treatment method for natural body and face care

Dubai Customs participates in Shenzhen Security Summit

Emirates Post Offers Valued Discounts to Six Destinations this Ramadan

du Gives Customers a Chance to Travel the World with Up To 1 Million Free Miles ...