Flexible Electronics News

NXP Shareholders Approve All Items Proposed Relating To Qualcomm’s Tender Offer

The transaction is expected to close by the end of calendar 2017.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

NXP Semiconductors N.V. announced that, during an extraordinary general meeting of shareholders (EGM), NXP obtained shareholder approval for all items proposed relating to the previously disclosed tender offer by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of QUALCOMM Incorporated, to acquire all of the outstanding shares of NXP.   All items proposed were adopted at the EGM with approximately 95 percent of the votes cast in favor of the proposals.   On Nov. 18, 2016, Qu...

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