Friday, June 21, 2013

Reuters: Technology News: Spreadtrum gets $1.38 billion buyout offer from China's Tsinghua Holdings

Reuters: Technology News
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Spreadtrum gets $1.38 billion buyout offer from China's Tsinghua Holdings
Jun 21st 2013, 11:48

Fri Jun 21, 2013 7:19am EDT

(Reuters) - Chinese fabless chipmaker Spreadtrum Communications Inc said it had received a $1.38 billion buyout proposal from a unit of government-owned Tsinghua Holdings Co Ltd.

The offer of $28.50 per American depository share represents a premium of 28 percent to Spreadtrum's Thursday closing price on the Nasdaq.

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