m_and_a
confidence high
sentiment neutral
materiality 0.75
Qualcomm to acquire Alphawave IP Group plc for $2.48/share; cash and stock alternatives
QUALCOMM INC/DE
- Qualcomm subsidiary Bidco to acquire Alphawave IP Group; each Alphawave share gets $2.48 cash or stock alternatives.
- Stock alternative: 0.01662 Qualcomm share per Alphawave share; exchangeable securities alternative also available.
- If all elect stock, up to 15.6M Qualcomm shares issued (~1.4% of outstanding).
- Offer includes Exchangeable Securities Offer for Alphawave Exchange Inc. shareholders at $2.48 cash or exchangeable securities.
- Shares to be issued under Section 3(a)(10) exemption based on UK court approval.
item 3.02