Qualcomm Incorporated (QCOM) has submitted an offer to acquire automotive technology company Veoneer for $37 per share, representing a total equity value of $4.6 billion. Veoneer produces sensors, control units, software and systems for restraint control systems, advanced driving assistance systems, and Collaborative and Automated Driving. It was spun-off from Autoliv in 2018.
Last month, Magna International Inc. (MG.TO,MGA) and Veoneer (VNE) entered into a merger agreement under which Magna will acquire Veoneer. Pursuant to the deal, Magna will acquire all of the issued and outstanding shares of Veoneer for $31.25 per share in cash, representing an equity value of $3.8 billion, and an enterprise value of $3.3 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.