Home Elliott buys NXP stake, raising pressure on Qualcomm
 

Keywords :   


Elliott buys NXP stake, raising pressure on Qualcomm

2017-08-07 08:38:00| Telecompaper Headlines

(Telecompaper) The activist investor Elliott Management has acquired a 6 percent stake in chipmaker NXP Semiconductors and said it would push for a higher price from Qualcomm in its takeover of NXP. Elliott's stake, valued at USD 2.2-2.3 billion, makes it NXP's largest shareholder, Reuters reports.

Tags: pressure raising buys stake

Category:Telecommunications

Latest from this category

All news

»
05.11PM responds to Sir Alan Bates after repeated requests
05.11American Angus elects 2024-25 board leaders
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 8A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Brazil gives green light to medicinal use of Cannabis in animals
More »