Veoneer confirms receipt of Qualcomm proposal
Stockholm, Sweden, August 5, 2021: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) today confirmed that it has received a non-binding proposal from Qualcomm Incorporated to acquire all of the outstanding shares of Veoneer at a price of $37.00 per share in cash. Veoneer’s board of directors will evaluate the proposal from Qualcomm consistent with its legal duties and the terms of the Magna merger agreement. On July 22, 2021, Veoneer announced that it entered into a definitive merger agreement, approved by Veoneer’s board of directors, with Magna International