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A Happy New Year For NXP

|About: NXP Semiconductors (NXPI), Includes: QCOM

Lots of luck for this Dog year.  Chinese New Year begins on Thursday, February 15.  By then, NXP (NXPI) should have secured their key remaining clearances for their acquisition by Qualcomm (QCOM) including those from regulators in the EU, South Korea, and most importantly from China.   With NXPI shares trading around $119 today, the chances of a sale at $110 are around zero.  It would trade closer to $130 on its own; with a control premium, an appropriate deal price would be closer to $150.

Disclosure: I am/we are long QCOM, NXPI.

Additional disclosure: I reserve the right to make investment decisions regarding any security without notification except where notification is required by law. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then my position might change. This post may contain affiliate links, consistent with the disclosure in such links. This report is not a recommendation to buy or sell any security. The author reserves the right to make investment decisions on behalf of himself and his affiliates regarding any security without notification except where notification is required by law. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the author’s position might change. All information in this publication has been obtained from sources the author believes to be accurate and reliable, but information is presented “as is”, without warranty of any kind – whether express or implied. All expressions of opinion are subject to change without notice.