Qualcomm Inc. and NXP Semiconductors N.V. announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP. Pursuant to the agreement, a subsidiary of Qualcomm will commence a tender offer to acquire all of the issued and outstanding common shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion.
NXP Semiconductors held an Extraordinary General Meeting of Shareholders and Freescale Semiconductor held a Special General Meeting on NXP’s acquisition of Freescale. Both meetings approved the merger proposal with over 99 percent of the votes cast in favor.
NXP Semiconductors has announced that two of its engineers have been nominated for the EPO European Inventor Award. Franz Amtmann and Philippe Maugars, along with their teams, have been recognized for their work in the creation of near field communication.