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

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

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)