Deals
Elliott Takes Stake in ‘Undervalued’ NXP as Qualcomm Deal Stalls
- Activist investor says Qualcomm’s $47 billion offer is too low
- Deal has been held up by European Union antitrust probe
Qualcomm Processor
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Activist investor Paul Singer thinks the biggest M&A deal in the history of the semiconductor industry isn’t big enough.
Singer’s Elliott Management Corp. amassed a 6 percent stake in NXP Semiconductors NV and wants a better price for the Dutch chipmaker, which is being bought by Qualcomm Inc. for $47 billion.