Qualcomm lengthens cash tender offer for all outstanding shares of NXP

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.

The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on January 12, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

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 December 14, 2017, the last business day prior to the announcement of the extension of the offer, 6,573,813 NXP common shares (excluding 18,439 shares tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee), representing approximately 1.9% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn.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´s technologies powered the smartphone revolution and connected billions of people. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business.