Hedge fund pressure unlikely to block Qualcomm bond

April 17, 2015 3:40 PM

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NEW YORK, April 17 (IFR) - Hedge fund pressure to break up Qualcomm is not likely to be an obstacle when the world's largest phone chip-maker comes to market as expected with a jumbo bond to finance a share buyback.

Activist hedge fund Jana Partners, which holds 4.4 million shares in Qualcomm, wants it to split its chip-making business from its technology-licensing operation, among other changes.

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