Forget Qualcomm: NXP Semiconductors Is a Great Growth Stock In Its Own Right
With its pending $38 billion buyout offer from Qualcomm (NASDAQ: QCOM) still on the table -- equal to $110 a share -- Netherlands-based NXP Semiconductors (NASDAQ: NXPI) may seem an unlikely growth stock. Thing is, Qualcomm has been forced to extend its offer on multiple occasions, including one just a few days ago.
The latest extension will expire on Oct. 20, more than a year after the offer was first announced. It's pretty clear NXP shareholders are not enamored with the asking price, a situation which creates a couple of opportunities for investors -- and both scenarios bode well for prospective investors in search of growth.
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Source: Fool.com