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

  • September 14, 2021

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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