February 20, 2018 / 12:01 PM / 4 months ago

BRIEF-Elliott Welcomes Qualcomm's Increased Offer For NXP Semiconductors

Feb 20 (Reuters) - NXP Semiconductors NV:

* ELLIOTT WELCOMES QUALCOMM'S INCREASED OFFER CONSIDERATION OF $127.50 PER NXP SHARE

* ELLIOTT ADVISORS (UK) LIMITED - "IN ELLIOTT'S VIEW THERE IS A STRONG STRATEGIC RATIONALE FOR QUALCOMM TO ACQUIRE NXP"

* ‍ELLIOTT SAYS REVISED OFFER BY QUALCOMM TO NXP "REFLECTS A POSITIVE OUTCOME" AND NXP'S "VALUE HAS BEEN RECOGNIZED" IN REVISED DEAL TERMS​ Source text for Eikon: Further company coverage:

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