RE: Qualcomm says considering bid....1 Apr 2025 16:45
Looks like AWE keen to find a buyer. Also interest from ARM.
Qualcast have until 19th April to put forward their bid...
London South East
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Share PricesAlphawave Ip Share PriceAlphawave
Qualcomm says considering bid for London-listed Alphawave IP
Tue, 01st Apr 2025 14:12Alliance News
(Alliance News) - Semiconductor company Qualcomm Inc on Tuesday said it is mulling acquiring London-listed Alphawave IP Group PLC.
Shares in high-speed connectivity solutions Alphawave jumped 48% to 138.70 pence each in London on Tuesday afternoon, giving it a market capitalisation of GBP1.05 billion. The stock had spent most of the day higher, before making an even stronger surge on the back of the Qualcomm announcement.
San Diego, California-based Qualcomm noted a recent move in Alphawave shares and confirmed "that it is considering making an offer".
"There can be no certainty that any firm offer will be made, nor as to the terms on which any firm offer might be made," Qualcomm said.
Qualcomm has until the close of play on April 29 to announce whether it plans to make a firm offer for Alphawave.
Reuters reported on Tuesday that Arm Holdings PLC recently looked into buying Alphawave. Reuters, citing three sources with knowledge of the matter, said Alphawave has been working with investment bankers to explore a sale after it received interest from Arm and "other potential acquirers".
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Share PricesAlphawave Ip Share PriceAlphawave Ip Share NewsQualcomm says considering bid for London-listed Alphawave IP
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Share Price Information for Alphawave Ip (AWE)
London Stock Exchange
Share Price:
137.00
Bid:
134.60
Ask:
136.90
Change:
43.50 (46.52%)
Spread: 2.30 (1.709%)Open: 93.20High: 142.90Low: 93.20Prev. Close: 93.50