Alphawave IP Extends Deadline for Potential Qualcomm Acquisition
Why we think this is neutral
This RNS announcement is about an extension of the PUSU deadline for a potential acquisition of Alphawave IP Group by Qualcomm. It does not contain any specific financial or operational updates, so a neutral sentiment score is appropriate.
Key Points
- Alphawave and Qualcomm are engaged in discussions about a potential acquisition
- The PUSU (Put Up or Shut Up) deadline has been extended from 29 April 2025 to 12 May 2025
- There is no certainty that a firm offer will be made, nor as to the terms of any potential offer
Summary
The semiconductor company has extended the deadline for Qualcomm to make a firm offer to acquire the business.
Alphawave IP Group plc has announced that it has extended the deadline for Qualcomm Incorporated to either make a firm offer to acquire the company or announce that it does not intend to make an offer. The new deadline is 12 May 2025, extended from the previous deadline of 29 April 2025.
Key Dates
12 May 2025
Deadline for Qualcomm to announce a firm intention to make an offer or state it does not intend to make an offer
GENERAL UPDATE