NXP shareholders price secondary at $42.50, shares drop

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

The NXP (NXPI -2.4%) shareholders selling 25M shares (largely P-E investors) through a secondary offering have priced the offering at $42.50. NXP shares are now roughly trading that level. (PR)

The offering features 9.7% of NXP's outstanding shares, and is expected to close on Friday.