Going south spot on. NXP down over 4 dollars in pre market
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https://www.google.com/amp/s/seekingalpha.com/amp/news/3369671-cnbc-qualcomm-walk-nxp-deal-july-25
This is from NXP layoff board
Deal Over? Only 4.8% shares tendered
It seems to me this deal is probably dead - investors are not on board. Q have extended the tender offer again (27th time?) and now the number of tendered shares is down to 4.8%. Not exactly a vote of confidence in either Q or our board/exec team
My colleagues at NXP say deal is a no go
ZTE ban has been lifted and the deal will be approved before july 25
My colleagues at NXP say deal is a no go. They are focused on growing business as is.
Do not Worry , The Deadline will be set to December 8 very soon from some sources familiar with the matter
Jim Cramer seems to think it's a good time to buy NXP. Given his track record, that almost guarantees the deal will fall apart.