Qualcomm extends deadline for cash tender offer to acquire all outstanding shares of NXP
US-based chipmaker is fast approaching the deadline to conclude takeover
Qualcomm has extended the deadline for its cash tender offer to acquire all outstanding shares of the Netherlands-based NXP Semiconductors to 5:00 pm New York City time on 13 July 2018, the US-based chipmaker said in a press release on 6 July. According to the American Stock Transfer & Trust Company, the depository of the tender offer, NXP’s shareholders had validly tendered and not withdrawn 19,131,139 NXP common shares, representing around 5.6% of the outstanding shares, as on 5.00 pm New York City time on 5 July 2018, the last business day prior to the announcement of the latest extension.
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