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Qualcomm Might Purchase Vehicle Areas Maker Veoneer

Swedish automotive technological know-how company Veoneer will maintain formal talks with Qualcomm about an acquisition bid from the chip-maker, Veoneer introduced Sunday (Aug. 8).

A current present from Qualcomm is possible to constitute a “top-quality bid” less than the terms of a previous acquisition bid Veoneer’s board experienced approved, pending shareholder approval, with Magna Global Inc., the release said.

In spite of engaging Qualcomm, Veoneer “has not withdrawn or modified its recommendation that the stockholders of Veoneer vote in favor of the acceptance of the merger (with Magna),” the announcement states.

Veoneer mentioned in its announcement that terminating the offer

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