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Chartered's shareholders approve Abu Dhabi takeover

Wed Nov 4, 2009 12:19am EST

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SINGAPORE, Nov 4 (Reuters) - Shareholders of Chartered Semiconductor (CSMF.SI) have voted in favour of Abu Dhabi state fund ATIC's offer to buy the chipmaker, the two companies said on Wednesday.

The proposal was approved by 82.56 percent of the shareholders present and voting in person or by proxy, representing 99.83 percent of the shares held by shareholders, according to a joint statement.

Abu Dhabi's state fund ATIC in September offered to buy Singapore contract chipmaker Chartered (CHRT.O), in which Singapore state investor Temasek [TEM.UL], for $1.8 billion as it looks to become a major force in the global microchip industry. [ID:nT37096]

(Reporting by Saeed Azhar; Editing by Neil Chatterjee)



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