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Veoneer to start talks with Qualcomm over merger offer

News
Acquisition, divestment & Spinoff

On 5 August, Veoneer confirmed that it had received a non-binding proposal from Qualcomm

According to an official press release dated 8 August, Veoneer announced that the company's board of directors has determined that Qualcomm's proposal to acquire Veoneer (the "Qualcomm Proposal") would reasonably be expected to result in a "Superior Proposal," as defined in Veoneer's merger agreement with Magna (the "Merger Agreement").

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