Qualcomm Responded To The Merger And Acquisition Of Nxp: "it's Over"

On the morning of 26, at a distance of less than 3 hours from the Qualcomm (Qualcomm) M & a deadline for En Zhipu (NXP), a Qualcomm Corp responsible person told the first financial reporter: "(the transaction) is over."

The person sent the latest financial statements and statements to first financial reporters, of which high Qualcomm CEO Steve Mollenkopf said it intends to terminate the takeover of Niji after the offer matures today. He said: "according to the previous plan, if the agreement is terminated, we will open up a stock repurchase of up to US $30 billion to create value for shareholders."

On 25 days in the United States, the statement announced on the day of the announcement, some analysts asked why they did not continue to extend the offer and give more time to regulators, saying that, in addition to seeking new opportunities through mergers and acquisitions, high Qualcomm also needs to provide certainty, "not only to investors and cooperation." Party certainty also requires certainty for our employees.

In view of the market's general question, if the Chinese antitrust agency passed the deal after the merger deadline, Qualcomm and NXP would continue, the leader told first financial reporters: "after the abandonment, it can not be restarted again, because the contract agreement is triggered, it is irreversible."

In other words, the super long standby transaction, which is over two years, will not be renewed if it terminates at 11:59 on the evening of 25 New York time. If the far-reaching case fails, the global investment organization will first welcome the first round of the shock wave.

The merger needs to be approved by the main regulatory authorities of nine countries such as the United States, the European Union, China, Korea, Japan and Russia. At present, only the Chinese antitrust agency has not made a decision.
This morning, the head of the State Administration of supervision and administration of China's State Administration of supervision and management responded to the first financial reporter, saying that it is still not informed of the information related to antitrust, and it is not clear. The day before, the person said that because of the confidentiality of the case, only the case handling personnel know the actual progress.

NXP's share price had fallen to $98.37 per share before the press release, while the buyer's share price fell to $59.42 / share, but had a slight boost before the announcement.