(Reuters) - Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV and indicated it was pushing for a higher price tag in NXP's pending sale to Qualcomm Inc for $38 billion in cash.
Elliott's stake, valued at roughly $2.2 billion to $2.3 billion, makes it NXP's largest shareholder, and the hedge fund's biggest activist shareholder campaign involving a semiconductor company to date.
The New York-based fund said in a filing that it believed NXP's shares were "significantly undervalued", and added it may make proposals related to the company's business, including the Qualcomm deal.
http://www.businessinsider.com/paul-singer-elliott-manangement-22-billion-stake-nxp-semiconductors-2017-8