Roschier advises Veoneer on Swedish regulatory matters in connection with the acquisition of its shares by Qualcomm
New York Stock Exchange listed wireless technology innovator Qualcomm and investment partnership SSW Partners have reached a definitive agreement to acquire the shares in Veoneer for 37 USD per share in an all-cash transaction, representing a total equity value for Veoneer of USD 4.5 billion. Roschier acts for Veoneer in relation to Swedish regulatory matters in connection with the transaction, as well as in relation to the previously contemplated transaction with Magna International Inc.
The closing of the transaction is subject to the approval of Veoneer’s shareholders, certain regulatory approvals and other customary closing conditions.
Veoneer Inc, listed on Nasdaq Stockholm and NYSE, is a worldwide leader in automotive technology. Headquartered in Stockholm, Sweden, the company has 7,500 employees in 11 countries. Veoneer’s common shares are listed on the New York Stock Exchange and its Swedish depository receipts, representing common shares, are listed on Nasdaq Stockholm.