It is pretty funny how this was not kept secret, insider trading issues and all:
After a weekslong courtship, Qualcomm (QCOM) reportedly is set to marry NXP Semiconductors (NXPI).
San Diego-based Qualcomm has reached an agreement to acquire Dutch chipmaker NXP for about $110 a share in cash, CNBC reporter David Faber said Friday. Other details are still being negotiated, he said. The deal would value NXP at roughly $37 billion. Reuters also reported that a deal has been reached. By the closing bell Friday, Qualcomm shares added 0.9% to 67.93 on the stock market today. NXP stock, however, dropped 2.7% to 101.71.
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