Qualcomm Incorporated (NASDAQ: QCOM) has announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, 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), the company said.
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 July 5, 2018, the last business day prior to the announcement of the extension of the offer, 19,131,139 NXP common shares (excluding 179,239 shares tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee), representing approximately 5.6% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn.
Innisfree M&A Incorporated is acting as information agent for Qualcomm River Holdings B.V. in the tender offer.
Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates.
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