Qualcomm's 28th extension and NXP trading time until July 13

According to the micro-network news, Qualcomm announced on Friday that it will extend the cash offer period for NXP Semiconductors again, pending approval from the regulatory authorities. The offer was originally scheduled to expire at 5 pm local time on July 6, but It has now been extended to 5 pm local time on July 13th. This is Qualcomm's 28th extension with NXP trading hours.

According to Qualcomm, as of 5 pm local time on July 6, Qualcomm has completed a 5.6% bid for a valid bid for NXP stock, up from 5.3% on June 28.

The acquisition began on October 27, 2016, and the acquisition of NXP was completed on February 6, 2017, but for a series of reasons, the transaction was extended 28 times before and after. Sino-US trade frictions escalated, and the trade war between the two sides began on July 6. The market's enthusiasm for the deal has largely subsided.