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Comment: Qualcomm under pressure as hedge funds cling to NXP shares

By James Pressley ( November 24, 2017, 15:00 GMT | Comment) -- The expanding clout of activist investors in Europe can be summed up in a small number: 2.4 percent. That’s the fraction of shares that NXP Semiconductors investors have tendered to Qualcomm’s $110-a-share acquisition offer. The percentage has dwindled as hedge funds including Soroban Capital Partners and Elliott Management have amassed large stakes, signaling that the price should be higher.N.B. This article was prepared for an upcoming MLex news service covering activist investments. To express interest in a trial, contact customerservices@mlex.com....

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