Qualcomm enters into amended definitive agreement with NXP

Qualcomm has announced that Qualcomm River Holdings, an indirect wholly-owned subsidiary of Qualcomm, has reached an agreement with NXP Semiconductors to increase to US$127.50 per share its previously announced cash tender offer to purchase all outstanding shares of NXP. The amended agreement, which was approved by the boards of directors of both Qualcomm and NXP, also lowers the minimum tender condition from 80% of NXP's outstanding shares to 70%.

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