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NXP (NXPI -4.6%) closes with a sizable loss thanks to a general selloff in European equities,...

NXP (NXPI -4.6%) closes with a sizable loss thanks to a general selloff in European equities, and an announcement the chipmaker's P-E investors plan to unload another 30M shares (12% of outstanding shares) through a secondary offering. The offering will reduce KKR's stake in NXP to 12.8% from 15.9%, Bain's to 10.2% from 12.7%, Silver Lake's to 5.1% from 6.3%., and Apax Partners' to 5.75% from 7.15%. (prospectus)
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Comments (2)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Short oppty, as there likely is more downside.
    4 Feb 2013, 04:10 PM Reply Like
  • M4rketTrader
    , contributor
    Comments (14) | Send Message
     
    The fact remains that while the quants have a price target that they bail at the fundamentals have not really changed based on meeting a certain price criteria. NXPI is still outpacing the overall semi conductor industry, NFC still has massive room to grow. Since I'm already in long term capital gains territory I'm going to hold this one as long as possible.
    5 Feb 2013, 01:52 AM Reply Like
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