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Veoneer Weighs Qualcomm's Acquisition Proposal Against Magna Agreement

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STOCKHOLM, Aug. 10, 2021 — Automotive technology company Veoneer will enter discussions with Qualcomm, which has proposed to acquire the company for $4.6 billion, or $37 a share. Veoneer this week announced that its board of directors had determined that Qualcomm’s proposal would be “reasonably expected to result in a Superior Proposal as defined under the terms of Veoneer’s merger agreement with Magna.” Veoneer, in July, entered into an agreement with mobility technology company Magna International where Magna would acquire Veoneer for $3.8 billion. That agreement remains “in full...Read full article

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    Published: August 2021
    Glossary
    lidar
    Lidar, short for light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and characteristics of objects and surfaces. Lidar systems typically consist of a laser scanner, a GPS receiver, and an inertial measurement unit (IMU), all integrated into a single system. Here is how lidar works: Laser emission: A laser emits laser pulses, often in the form of rapid and repetitive laser...
    chip
    1. A localized fracture at the end of a cleaved optical fiber or on a glass surface. 2. An integrated circuit.
    Businessmergers & acquisitionsacquisitionsacquisition proposalproposalmergermergersagreementautomotiveAutonomous drivingautonomousautonomous car lidarautonomous carsautonomous vehiclelidarchipVeoneerQualcommMagnaMagna International

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