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POTENTIAL DEAL DETAILS
| Stock | Veoneer, Inc. | Symbol | VNE |
| Date Announced | 08/05/2021 | Source | Press Release |
| Type | Unsolicited Bid | Acquiring Company/Person | Qualcomm Incorporated |
| Date of Confirmation: | 10/04/2021 | Price at Confirmation: | $36.01 |
| Potential Profit: | -10.31% | Annualized Profit: | -62.73% |
Qualcomm Incorporated (QCOM) announced it has submitted an offer to acquire Veoneer (VNE) for $37 per share, in an all-cash transaction. Our offer has been approved by Qualcomm’s Board of Directors, does not require Qualcomm stockholder approval, and has no financing conditions.
Update(s):
September 13, 2021: The automotive technology company Veoneer, Inc. (VNE) confirmed that it has received an updated non-binding proposal from Qualcomm Incorporated providing for the acquisition of all of the outstanding shares of Veoneer at a price of $37.00 per share in cash, following Qualcomm’s public announcement of a proposal on August 5, 2021.
October 4, 2021: Qualcomm Incorporated (QCOM) and SSW Partners, a New York-based investment partnership announced they have reached a definitive agreement to acquire Veoneer, Inc. (VNE) for $37.00 per share in an all-cash transaction, representing a total equity value for Veoneer of $4.5 billion.
Veoneer has terminated its prior acquisition agreement with Magna International Inc. and canceled its October 19, 2021, special meeting that was previously scheduled to approve that agreement.
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Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.