Qualcomm (QCOM) and SSW Partners plan to acquire Veoneer, Inc. for $37 a share. Following the agreement, Veoneer (VNE) called off a previous agreement that could have resulted in it being snapped up by Magna International. QCOM shares fell 1.58% to close at $126.68 on October 4. Qualcomm is a U.S. company that designs, manufactures, and sells foundational technologies and products used in mobile devices and other wireless products. Under the terms of the agreement, SSW Partners will acquire all of Veoneer's outstanding common stock for an equity value of $4.5 billion. Qualcomm will take over the Arriver business as SSW Partners will absorb the Tier 1 Supplier business.
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