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Veoneer confirms receipt of Qualcomm proposal

The automotive technology company Veoneer, Inc. today confirmed that it has received a non-binding proposal from Qualcomm Incorporated to acquire all of the outstanding shares of Veoneer at a price of $37.00 per share in cash

The automotive technology company Veoneer, Inc. today confirmed that it has received a non-binding proposal from Qualcomm Incorporated to acquire all of the outstanding shares of Veoneer at a price of $37.00 per share in cash.

Veoneer’s board of directors will evaluate the proposal from Qualcomm consistent with its legal duties and the terms of the Magna merger agreement. On July 22, 2021, Veoneer announced that it entered into a definitive merger agreement, approved by Veoneer’s board of directors, with Magna International Inc. The merger agreement remains in place.

This report is information that Veoneer, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the EVP Communications and IR set out above, at 19:10 CET on Thursday August 5, 2021.

SOURCE: Veoneer

https://www.automotiveworld.com/news-releases/veoneer-confirms-receipt-of-qualcomm-proposal/

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