- Veoneer (NYSE:VNE) ticked up 0.5% on a report that Qualcomm (NASDAQ:QCOM) and SSW Partners planned purchase of the company may not need Chinese antitrust approval.
- China's State Administration for Market Regulation ("SAMR") hasn't formally told Veoneer/Qualcomm if it needs to notify the agency, according to traders, who cited a report that's circulating around this morning. The companies may decide to close the deal and SAMR may not try to stop them.
- The transaction received U.S. antitrust approval in November when the HSR waiting period expired with no second request.
- Qualcomm (QCOM) and SSW Partners announced a definitive deal to acquire Veoneer (VNE) for $4.5B or $37/share in early October. Qualcomm outbid Magna International (NYSE:MGA) for Veoneer after Magna had originally agreed to buy the company.
- Last month, Veoneer reported Q4 GAAP EPS of -$0.77 misses by $0.04, revenue of $449M misses by $21.33M.
Recommended For You
More Trending News
See More »