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IG Note: Qualcomm Pricing NXP Funds; Buy at IPT

IG Note: 19 May 2017, 9:51 AM ET
Printed for x x

Qualcomm is in the market with an estimated $10bn deal to fund the purchase of NXP. We think IPT is attractive, but we also expect concessions will condense. Wider than peer spreads are warranted, given the ongoing headwinds at QCOM.

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