- The Wall Street Journal reports that activist investor Elliott Management Corp. has enlisted UBS bank to push for a higher acquisition price for NXP Semiconductors (NASDAQ:NXPI).
- Qualcomm (NASDAQ:QCOM) offered $110 per share or about $39B when it made the acquisition offer last fall.
- The deal has hit a number of regulatory delays that have given investors time to push for a higher price.
- In yesterday's earnings report, Qualcomm said it hoped to close the acquisition early next year.
- NXP shares are up 0.2% aftermarket.
- Previously: Still waiting on Qualcomm-NXPI deal (Sept. 22)
- Previously: Reuters: Qualcomm offers to abandon some NXP patents to get EU approval (Oct. 10)
- Previously: NXP Semiconductors up after Q3 revenue beat, no guidance due to acquisition (Oct. 26)
- Previously: Qualcomm up after Q4, guidance beats; discusses NXP acquisition and Apple (NASDAQ:AAPL) impact (Nov. 1)
- Now read: Qualcomm Deal With NXP Will Eventually Get Done - Mott Capital Management's Mike Kramer's Idea Of The Month
Original article