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Shares of Veoneer Inc. soared 22.1% toward a three-year high in premarket trading Thursday, after Qualcomm Inc. disclosed that it has offered to buy automotive safety electronics company for $37 a share, which is 18% above the Magna International Inc.’s already agreed-upon buyout bid of $31.25. Qualcomm’s stock slipped 0.5% ahead of the open while Magna shares gained 1.7%.
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