Shares of automotive safety technology provider Veoneer, Inc. (VNE) jumped 2.3% on Monday to close at $35.60 after the company reaffirmed that it has received a non-binding offer...
Veoneer (VNE) has confirmed receiving an "updated nonbinding" acquisition offer from Qualcomm (QCOM) for $37 per share in cash
Veoneer, Inc. engages in the design, development, manufacture, and sale of automotive safety electronics primarily in North America, Europe, and Asia. It offers automotive radars, mono-and stereo-vision cameras, night driving assist systems, advanced driver assist systems (ADAS), electronic control units, airbag control units, crash sensors, seat belt pre-tensioner electronic controllers, and ADAS software for highly automated driving (HAD) and autonomous driving (AD). The company also provides driver monitoring systems, LiDAR sensors, RoadScape positioning, and other technologies critical for ADAS, HAD, and AD solutions. Veoneer, Inc. was incorporated in 2017 and is headquartered in Stockholm, Sweden.