UK's Alphawave soars on Qualcomm's $2.4 billion takeover deal

Alphawave IP

09/06/2025 08:18

** Shares of British semiconductor company Alphawave AWE.L jump 22% at 182p, their highest level since March 24

** U.S. chipmaker Qualcomm QCOM.O agrees to buy AWE for about $2.4 billion

** AWE shareholders to get 183p per share under deal, nearly 96% premium to its closing price before Qualcomm disclosed its interest in co

** QCOM also tables alternative share offers for AWE shareholders after receiving multiple takeover extension deadlines from UK's takeover panel to table a firm offer for AWE

** As of last close, AWE up 77% so far this year

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))