M&A
confidence high
sentiment neutral
materiality 0.90
Qualcomm and SSW HoldCo to acquire Veoneer for $37 per share; Qualcomm to buy Arriver unit
QUALCOMM INC/DE
- Merger consideration: $37.00 per share in cash for each Veoneer share.
- Post-close, Veoneer's Arriver business will be sold to Qualcomm, with Tier-1 businesses retained by SSW.
- Termination fees: Veoneer pays $110M; Acquiring Parties pay $225M reverse termination fee.
- Qualcomm provides a loan facility of up to $360M ($120M per quarter) to Veoneer post-closing.
- Veoneer stock options and RSUs will be cashed out at the merger consideration.