On the morning of the 26th, when Qualcomm's NXP acquisition deadline was less than three hours, a related person in charge of Qualcomm told the First Financial Reporter: "(Transaction) is over. ”
Qualcomm issued an announcement in the evening. In addition, Qualcomm's board of directors approved a $30 billion stock repurchase program.
On the 25th local time in the United States, that is, the above statement announced the financial report meeting on the day, some analysts asked why they did not continue to extend the offer and gave the regulator more time. Morinkov said that Qualcomm seeks newness through mergers and acquisitions. Opportunities, but also need to provide certainty, "not only to determine the nature of investors and partners, but also to give our employees certainty."
In response to the general question of the market, if the Chinese anti-monopoly agency passes the transaction after the merger deadline, Qualcomm and NXP will continue, the person in charge said to the First Financial reporter: "After giving up, can not re-start (start) mergers and acquisitions Because the contractual agreement is triggered, it is irreversible."
In other words, there will be no more sequels to this long standby transaction that spans two years. Once this far-reaching case fails, global investment institutions will first usher in the first round of shockwaves.
The merger needs to be approved by the major regulatory authorities in nine countries including the United States, the European Union, China, South Korea, Japan, and Russia. At present, only the Chinese anti-monopoly agency has not made a decision.
This morning, the relevant person in charge of the State Administration of Market Supervision of China responded exclusively to the First Financial Journal reporter that there is still no news notice related to anti-monopoly, and it is not clear. The day before, the person said that due to the confidentiality of the case, only the parties involved in the case knew the actual progress.