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Qualcomm offers to buy Swedish auto parts maker Veoneer for USD4.6 billion, topping Magna's bid

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Acquisition, divestment & Spinoff

Magna made an all-cash offer to buy rival Veoneer for approximately USD3.8 billion.

According to an official press release dated 5 August, chipmaker Qualcomm had offered to buy Swedish auto parts maker Veoneer for USD4.6 billion, an 18.4% premium over a bid accepted by Veoneer's board in July by Canada's Magna International.

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