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Elliott discloses NXP stake, to push for higher price in Qualcomm deal
Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV and indicated it was pushing for a higher price tag in NXP's pending sale to Qualcomm Inc for $38 billion in cash. Elliott's stake, valued at roughly $2.2 billion to $2.3 billion, makes it NXP's largest shareholder, and the hedge fund's biggest activist shareholder campaign involving a semiconductor company to date. NXP shares were trading up 1.7 percent at $112.50, just above Qualcomm's $110 per share offer for the company, indicating most NXP shareholders expect a better deal.
Zoo Welcomes Tiny, Furry Triplets That Are Closely Related to Elephants
Born at less at 9 ounces, the babies have teeth resembling tusks and a skull and foot structure that's similar to elephants.
'El Chapo' seeks release from US prison, says conditions like 'torture'
Mexican drug lord Joaquin "El Chapo" Guzman, one of the world's most notorious criminals, is claiming his extradition to the United States was illegal and wants a US judge to dismiss his case. The 60-year-old kingpin, accused of running the Sinaloa cartel -- one of the world's biggest drug empires -- was extradited to New York on January 19, and is being held in solitary confinement in Manhattan pending trial next April.
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