EU and US could reach trade deal this weekend - Reuters
LONDON/TORONTO - Alphawave IP Group plc, a semiconductor company, acknowledged the recent acquisition interest from Qualcomm (NASDAQ:QCOM) Incorporated. The company stated that it will provide updates if necessary and advised shareholders to take no action at this time. Alphawave remains confident in its strategy and future shareholder value.
Qualcomm must declare its intentions to make a formal offer or withdraw by 5 p.m. London time on April 29, 2025, according to the Takeover Panel’s rules. This deadline may be extended with the panel’s consent.
The announcement follows the Takeover Code, specifically Rule 2.4, and does not indicate a definitive intention to make an offer. Alphawave’s response underscores the uncertainty of an offer materializing and its terms.
This news is based on a press release statement from Alphawave.
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