Stocks Record Their Biggest Two-Day Rally Since 2016: DealBook Briefing
On Qualcomm’s $110 a share offer for NXP Semiconductors, which has gotten pushback from NXP investors:
“NXPI will not solve Qualcomm’s problems.”
On the possibility that Qualcomm increases its bid for NXP Semiconductors:
“If Qualcomm raises the price on NXPI, we have made it very clear, it’s a clear transfer of value from Qualcomm shareholders to NXPI shareholders.”
“$110 is a full and fair price for NXPI.”
Meredith has closed its deal to buy Time Inc. Now the media industry is buzzing about which publications
Meredith— a predominantly women-focused, non-newsy publisher — is likely to sell.
At the end of last year, Mr. Icahn launched a campaign to unseat the Xerox’s board,
and late last month, he and Mr. Deason pressured the company to explore a deal — including revising or ending the Fujifilm joint venture.
• Companies that “inverted” — moved their financial headquarters to cut their U. S.
tax bill by buying a foreign company — face higher rates under the recent overhaul.
The average level of return that infrastructure investment funds have sought was about 10.6 percent in 2016, down from 14
percent in 2004, according to a report by PricewaterhouseCoopers and the Global Infrastructure Investor Association.
• The White House wants NASA to send astronauts back to the moon — using the private sector, after Mr. Trump leaves office.