01.27.17
NXP Semiconductors N.V. announced that, during an extraordinary general meeting of shareholders (EGM), NXP obtained shareholder approval for all items proposed relating to the previously disclosed tender offer by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of QUALCOMM Incorporated, to acquire all of the outstanding shares of NXP.
All items proposed were adopted at the EGM with approximately 95 percent of the votes cast in favor of the proposals.
On Nov. 18, 2016, Qualcomm River Holdings B.V. commenced a tender offer to acquire all outstanding shares of NXP at a purchase price of $110.00 per share, less any applicable withholding taxes and without interest to the holders thereof, payable in cash. 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 scheduled to expire on Feb. 6, 2017, unless extended pursuant to the terms of the purchase agreement. The transaction is expected to close by the end of calendar 2017.
All items proposed were adopted at the EGM with approximately 95 percent of the votes cast in favor of the proposals.
On Nov. 18, 2016, Qualcomm River Holdings B.V. commenced a tender offer to acquire all outstanding shares of NXP at a purchase price of $110.00 per share, less any applicable withholding taxes and without interest to the holders thereof, payable in cash. 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 scheduled to expire on Feb. 6, 2017, unless extended pursuant to the terms of the purchase agreement. The transaction is expected to close by the end of calendar 2017.