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Qualcomm (QCOM) Offers to Acquire Veoneer (VNE) for $37 per Share in Cash

  • September 14, 2021

POTENTIAL DEAL DETAILS

StockVeoneer, Inc.SymbolVNE
Date Announced08/05/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Qualcomm Incorporated
Date of Confirmation: 10/04/2021Price 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.

For more details view Deal Metrics

 

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