Elliott Mails Materials to NXP Retail Shareholders
01 Febrero 2018 - 7:00AM
Business Wire
Discloses increased economic interest in NXP,
now at 7.2%
Materials can be viewed at dedicated
website:www.FairValueForNXP.com
Elliott Advisors (UK) Limited (“Elliott”), which advises funds
which now collectively hold an increased economic interest in NXP
Semiconductors N.V. (NASDAQ: NXPI) (“NXP”) of approximately 7.2%,
today mailed materials to NXP retail shareholders in the United
States, which can be viewed at www.FairValueForNXP.com.
Elliott’s increasing economic interest in NXP, which has current
market value of approximately $2.9 billion, underscores the firm’s
significant level of conviction in the value opportunity present at
NXP today, as well as its alignment of interest with its fellow NXP
shareholders.
About Elliott
Founded in 1977, Elliott Management Corporation is one of the
oldest private investment firms of its kind under continuous
management. The firm’s investors include pension funds, private
endowments, charitable foundations, family offices, and employees
of the firm. Elliott Advisors (UK) Limited is an affiliate of
Elliott Management Corporation.
Our approach to NXP is consistent with our approach to many of
our current and previous investments. We have invested a
significant amount of time and resources into understanding NXP,
including hiring numerous advisors and consultants with whom we
have worked together to receive input from over 50 industry
participants. We believe strongly in the value conclusions that we
have drawn as a result of this effort.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180201005652/en/
Media:Elliott Advisors (UK) LimitedSarah Rajani CFA, +44
(0) 20 3009 1475srajani@elliottadvisors.co.uk
Elliott Management CorporationStephen Spruiell, +1
212-478-2017sspruiell@elliottmgmt.com
Information Agent:Okapi Partners LLCPat McHugh, +1
212-297-0720info@okapipartners.com
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