Seeking Alpha

NXP shareholders price secondary at $42.50, shares drop

  • 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.
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