Is Qualcomm Getting Any Closer to Owning NXP Semiconductors?
It's time to take a look at Qualcomm's (NASDAQ: QCOM) tender offer for all shares of NXP Semiconductors (NASDAQ: NXPI). The number of shares committed to Qualcomm's $110 all-cash offer per share peaked in March before commencing a long line of steady declines.
Did that story change at all in October? Let's have a look.
When NXP shareholders commit their stubs to Qualcomm's offer, the shares may be withdrawn at any time. That was a popular option this summer, but Qualcomm is finally reporting an uptick in the tendered share counts:
Source: Fool.com
NXP Semiconductors NV Stock
€232.00
2.220%
The stock is one of the favorites of our community with 36 Buy predictions and 2 Sell predictions.
With a target price of 270 € there is a slightly positive potential of 16.38% for NXP Semiconductors NV compared to the current price of 232.0 €.
