Is Qualcomm's Grip on NXP Semiconductors Getting Any Tighter?
Chip giant Qualcomm (NASDAQ: QCOM) has updated its tender offer for every share of automotive computing expert NXP Semiconductors (NASDAQ: NXPI) again. The number of shares committed to Qualcomm's $110 all-cash offer per NXP share saw a slight recovery in October after several months of steady declines, then dipped to new lows in November. What's new in the December report?
Let's have a look.
When NXP shareholders commit their stubs to Qualcomm's offer, the shares may be withdrawn at any time. Shares tendered so far:
Source: Fool.com
NXP Semiconductors NV Stock
€210.00
-3.690%
With 36 Buy predictions and 2 Sell predictions NXP Semiconductors NV is one of the favorites of our community.
As a result the target price of 270 € shows a positive potential of 28.57% compared to the current price of 210.0 € for NXP Semiconductors NV.
