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Qualcomm extends offer for all outstanding NXP shares
Qualcomm has extended the offering period of its cash tender offer to purchase all of the outstanding common shares of NXP.
In a press release Qualcomm said that the tender offer is now scheduled to expire on March 7, 2017, unless extended again or terminated earlier – the offer was previously scheduled to expire on February 6.
According to the release only about 14.8% of the outstanding shares in NXP have been tendered. 14.8% is far from the condition that at least 80% of NXP's outstanding shares be tendered to Qualcomm.
Under the original agreement, Qualcomm would pay USD 110.00 per NXP share in cash, representing a total enterprise value of approximately USD 47 billion.
