Aug 14 U.S. digital imaging chipmaker OmniVision
Technologies Inc said it received a buyout proposal
from a group of investors led by China's Hua Capital Management
The proposed offer price of $29 per share in cash values
OmniVision at $1.67 billion.
The proposed offer price represents a premium of 17.9
percent to OmniVision stock's Wednesday close.
The company said it was evaluating the proposal and that JP
Morgan Securities was its financial adviser.
OmniVision's chips are used in smartphone and tablet cameras
and compete with those made by Sony Corp and Himax
(Reporting by Abhirup Roy in Bangalore; Editing by Kirti