SAN DIEGO, Aug. 31, 2018 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced the final results of
its "modified Dutch auction" tender offer, which expired at 12:00
midnight, New York City time, at
the end of the day on August 27,
2018.
Qualcomm has accepted for purchase 76,204,697 shares of its
common stock at a price of $67.50 per
share, for an aggregate cost of approximately $5.1 billion, excluding fees and expenses
relating to the tender offer. These shares represent
approximately 5.2 percent of the shares outstanding.
Goldman Sachs & Co. LLC acted as dealer manager for the
tender offer. Stockholders who have questions or would like
additional information about the tender offer may contact the
information agent for the tender offer, Georgeson LLC at (800)
561-2871 (toll free) or by email at QCOM@Georgeson.com.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world connects, computes and communicates. When we
connected the phone to the Internet, the mobile revolution was
born. Today, our inventions are the foundation for life-changing
products, experiences, and industries. As we lead the world
to 5G, we envision this next big change in cellular technology
spurring a new era of intelligent, connected devices and enabling
new opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, all of our engineering,
research and development functions, and all of our products and
services businesses, including, our QCT semiconductor business.
For more information, visit Qualcomm's website, OnQ blog,
Twitter and Facebook pages.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Sinnott, Investor
Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated