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NXP Semiconductors announces CFO change

Published 07/24/2017, 07:30 AM
© Reuters.  NXP Semiconductors announces CFO change
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  • NXP Semiconductors (NASDAQ:NXPI) announces that CFO David Durn will leave the company on August 6 to join Applied Materials (NASDAQ:AMAT).
  • Peter Kelly will step back into the role of Executive VP and CFO and the responsibilities for Strategy and M&A.
  • Qualcomm (NASDAQ:QCOM) wants to acquire NXP for $110 per share but the acquisition faces delays due to antitrust regulator concerns, and activist investor pushes for more money.
  • Previously: Qualcomm might face China pushback on NXP acquisition (July 11)
  • Now read: Taking Stock With Tech: Qualcomm To Pay More For NXP? And Alphabet (NASDAQ:GOOGL) Costs Expected To Drop


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