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NXP: Received Qualcomm Termination Notice | Effective immediately

On the afternoon of July 26th, Beijing time, NXP said that it has received a notice from Qualcomm today that Qualcomm has terminated the acquisition and will take effect immediately. Qualcomm has notified NXP that it will be at 9:00 am on July 26, 2018, New York time. Before paying $2 billion in 'breakup fee'.

NXP approves the $5 billion stock repurchase program.

In addition, NXP announced its second-quarter financial report, with revenues of $2.29 billion in the second quarter, which analysts had previously estimated at $2.36 billion.

In the second quarter, the adjusted gross profit margin was +52.8%, and earnings per share were 16 cents.

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