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Elliott buys NXP stake, raising pressure on Qualcomm
2017-08-07 08:38:00| Telecompaper Headlines
(Telecompaper) The activist investor Elliott Management has acquired a 6 percent stake in chipmaker NXP Semiconductors and said it would push for a higher price from Qualcomm in its takeover of NXP. Elliott's stake, valued at USD 2.2-2.3 billion, makes it NXP's largest shareholder, Reuters reports.
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