NXP's P-E backers commence 25M-share offering; shares -1.7% AH

|About: NXP Semiconductors (NXPI)|By:, SA News Editor

NXP (NXPI) shareholders, including the P-E firms that took the chipmaker public - KKR, AlpInvest, Apax Partners, Bain Capital, and Silver Lake - are selling another 25M shares (9.7% of outstanding shares) through a secondary offering. (PR) (prospectus)

The P-E firms previously announced 25M-share offerings in September and March, and a 30M-share offering in February. After the latest sale, the firms and affiliates will collectively be left with a 14.8% stake in NXP.