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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