UK's Alphawave soars on Qualcomm's $2.4 billion takeover deal
ReutersJun 9, 2025 7:18 AM
Shares of British semiconductor company Alphawave AWE.L jump 22% at 182p, their highest level since March 24
U.S. chipmaker Qualcomm QCOM.O agrees to buy AWE for about $2.4 billion
AWE shareholders to get 183p per share under deal, nearly 96% premium to its closing price before Qualcomm disclosed its interest in co
QCOM also tables alternative share offers for AWE shareholders after receiving multiple takeover extension deadlines from UK's takeover panel to table a firm offer for AWE
As of last close, AWE up 77% so far this year
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