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Qualcomm to Buy Alphawave IP for $2.4 Billion

Qualcomm to Buy Alphawave IP for $2.4 Billion

U.K. semiconductor company Alphawave IP Group AWE 2.90%increase; green up pointing triangle agreed to a $2.4 billion takeover from U.S. peer Qualcomm QCOM 1.14%increase; green up pointing triangle after two months of talks.
The London-listed company said Monday that accepting shareholders will get $2.48 in cash for each share held. The price equates to 183 pence a share and is a 96% premium to the company's closing price of 93.50 pence on March 31, the day before Qualcomm announced its interest.

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Compliance Playbook For US Companies In Response To Europe's CSRD
Compliance Playbook For US Companies In Response To Europe's CSRD

Forbes

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  • Forbes

Compliance Playbook For US Companies In Response To Europe's CSRD

James Felton Keith is CEO at Inclusion Score Inc. and Labor Economist at Keith Institute. His latest book is #DataIsLabor. As Europe tightens the screws on corporate accountability through the Corporate Sustainability Reporting Directive (CSRD), many American business leaders may assume this legislation is a foreign affair. It's not. U.S. companies with European operations—whether through subsidiaries, branches or major supply chains—will be swept up in the CSRD's broad reporting requirements. And the clock is ticking. Having already started and phasing in through 2028, the CSRD will apply to over 50,000 companies, including thousands of U.S.-based firms. This includes if your company is publicly listed in the EU, has more than €150 million in EU revenues and at least one EU subsidiary or branch or is a large private company doing business in the EU. In other words, you can be subject to CSRD compliance, even if your headquarters is in New York, Houston or Silicon Valley. 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Getty Images and Stability AI face off in British copyright trial that will test AI industry
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UK's Spectris says it would accept $5 billion takeover bid from US-based Advent
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(Reuters) -Spectris would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm tables a formal offer, it said on Monday, sending shares in the British scientific instruments maker soaring by 70%. Advent's proposal valued Spectris at 37.63 pounds per share, including dividend, representing close to an 85% premium to Spectris's last closing price. Spectris, in a statement confirming a Bloomberg News report, said it was ready to accept an offer at that price if Advent were to table a formal offer. UK takeover rules require Advent to make a firm offer by July 7 or walk away. Shares in the London-headquartered company jumped 70% to 33.84 pounds, their highest since March 2024. Spectris is one of the largest takeover targets so far this year in Britain, which has been a hunting ground for buyers in recent years because of relatively cheap valuations. The proposal announced on Monday followed a number of earlier approaches from Advent, Spectris said. ($1 = 0.7377 pounds) Sign in to access your portfolio

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