Qualcomm Is Getting NXP for a Steal
They may want better merger terms.
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Shareholders of NXP Semiconductors NV have reason to be disappointed with the final terms of its $47 billion sale to Qualcomm Inc.
The two chipmakers announced their plans to merge on Thursday after weeks of speculation about a possible deal. In the end, Qualcomm offered NXP holders $110 a share in cash -- on the low end of the range that Bloomberg News had reported the chipmakers were discussing. Qualcomm shareholders knew they were getting a good deal, and the buyer's stock rose as much as 4.8 percent -- more than double the gains of NXP. Both companies have climbed since news of their deal talks was first reported in late September.