By Tess Stynes
NXP Semiconductors NV (NXPI) said the sale of 30 million shares
by selling shareholders priced at a 1.3% discount to Friday's close
as several private-equity firms reduce their stakes in the
semiconductor company.
The Netherlands-based company's shares were down 1.9% to $30.18
in early trading, below the offer price of $30.35 a share. The
company's shares are up nearly a third in the past year.
The selling shareholders include private-equity firms AlpInvest
Partners BV, Apax Partners LLP, Bain Capital Partners LLC, Kohlberg
Kravis Roberts & Co. and Silver Lake Technology Management LLC.
NXP won't receive any proceeds from the secondary offer.
NXP was formed in 2006 as Philips Electronics NV (PHG, PHIA.AE)
sold 80.1% of its semiconductor business to a consortium led by
Kohlberg Kravis Roberts. The company went public in an initial
public offering in 2010, listing its shares on the Nasdaq.
Write to Tess Stynes at Tess.Stynes@dowjones.com
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