Veoneer to entertain Qualcomm's takeover bid
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Aug 8 (Reuters) - Swedish auto parts maker Veoneer Inc said on Sunday that it was ready to engage in discussions with Qualcomm Inc, a few days after receiving a takeover bid of $4.6 billion from the chipmaker.
"Board of directors has determined that Qualcomm's proposal to acquire Veoneer would reasonably be expected to result in a 'Superior Proposal', as defined under the terms of Veoneer's merger agreement with Magna," Veoneer said in a statement.
(Reporting by Vishal Vivek in Bengaluru; Editing by Daniel Wallis)
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