Potential bidders?13 May 2022 13:00
So, who do you think the first potential bidder will be?
My guess is Magna will be first, why might you ask?
Well, if they've already made an initial investment therefore any increases above 11p will be of benefit to them. Plus they'll no doubt have an exit clause in the event the deal is cancelled as they did with Veoneer.
If Qualcomm then come in with a better offer, they not only get a payout for the cancelled deal, they also get a payout when their initial investment increases in value, it's a win win for Magna, they'd be silly not to do this!!
GLA and DYOR!