Veoneer provides update regarding discussions with Qualcomm
Stockholm, Sweden, September 13, 2021: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) today confirmed that it has received an updated non-binding proposal from Qualcomm Incorporated providing for the acquisition of all of the outstanding shares of Veoneer at a price of $37.00 per share in cash, following Qualcomm’s public announcement of a proposal on August 5, 2021.Veoneer is evaluating all of the terms of Qualcomm’s proposal in consultation with its financial and legal advisors and will, if appropriate, engage in negotiations with Qualcomm and/or Magna to