Qualcomm Incorporated (NASDAQ: QCOM) subsidiary Qualcomm River Holdings B.V. has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI), Qualcomm said.
The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on March 7, 2017, unless extended or earlier terminated.
American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has advised Qualcomm River Holdings B.V. that as of 5:00 p.m., New York City time, on February 3, 2017, 49,599,470 NXP common shares, representing approximately 14.8% of the outstanding NXP common shares, had been validly tendered pursuant to the tender offer and not properly withdrawn.
No NXP common shares have been tendered pursuant to guaranteed delivery procedures. Shareholders who have already tendered their common shares of NXP do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.
Innisfree M&A Incorporated is acting as information agent for Qualcomm River Holdings in the tender offer.
Qualcomm provides 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm´s licensing business, QTL, and the vast majority of its patent portfolio.