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Qualcomm Once Again Extends Cash Tender Offer for All Outstanding Shares of NXP.

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MANews-(C)2009-2018

4 April 2018 - US-based Qualcomm Inc.'s (NASDAQ: QCOM) Qualcomm River Holdings B.V., an indirect Dutch subsidiary has again extended the offering period of its cash tender offer to purchase all of the outstanding common shares of Dutch chipmaker NXP Semiconductors N.V. (NASDAQ: NXPI), the company said.

The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended.

This offer is now scheduled to expire on 6 April, unless extended or earlier terminated.

Previously, the tender offer was scheduled to expire on 2 April, and before that 23 March. Before that it was extended until 9 March.

Qualcomm River Holdings said that as of 29 March, the last business day prior to the announcement of the extension of the offer, common shares representing approximately 14.8% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn.

Completion of the tender offer remains subject to additional conditions described in the tender offer statement on Schedule TO filed by Qualcomm River Holdings B.V. with the US Securities and Exchange Commission on 18 November 2016, as amended.

The tender offer will continue to be extended until all conditions are satisfied or waived, or until the tender offer is terminated, in either case pursuant to the terms of the Purchase Agreement by and between Qualcomm River Holdings B.V. and NXP and as described in the Schedule TO.

Last month, Qualcomm River Holdings amended a previous cash tender offer to acquire NXP Semiconductors and increased the per share offering to USD 127.50.

This prompted Singapore-based semiconductor device supplier Broadcom Ltd...

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