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Comment: Qualcomm's NXP bid under pressure as Elliott targets $135 stock price

By James Pressley ( December 12, 2017, 16:05 GMT | Comment) -- Qualcomm needs NXP Semiconductors now more than ever, as it fends off Broadcom's takeover-turned-proxy fight and seeks to lessen its dependence on smartphones. Yet Qualcomm clings to the argument that the price it has agreed to pay for NXP — $110 a share — remains "full and fair." Paul Singer's Elliott hedge fund told NXP investors yesterday that their shares were worth $135 apiece.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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