Deals
Veoneer Agrees to Talk With Qualcomm After Bid Exceeds Magna’s
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Veoneer Inc. said it will engage in takeover discussions with Qualcomm Inc., whose $4.6 billion bid for the Swedish driver-assistance technology company is likely to be “superior” to an earlier offer from Magna International.
At $37 a share, Qualcomm is offering an 18% premium to Magna’s $31.25-a-share bid. Stockholm-based Veoneer and Magna said last month their boards had unanimously approved what would have been a $3.8 billion deal.