Second NXP shareholder rejects Qualcomm bid
Qualcomm’s proposed $38 billion acquisition of NXP Semiconductors faced additional scrutiny after the latter’s minority shareholder Ramius Advisors joined activist investor Elliott Management in opposing the deal. Ramius Advisors, an affiliate of investment management company Cowen, owns around 2.
NXP investor wants 23% uplift on Qualcomm deal
Qualcomm reaffirmed its commitment to closing an acquisition of NXP Semiconductors at an agreed value of $38 billion, despite the latter’s largest single shareholder insisting the price should be 23 per cent higher.
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