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4 years ago
Spreadtrum gets $1.38 bln buyout offer from Tsinghua Holdings
June 21, 2013 / 11:16 AM / 4 years ago

Spreadtrum gets $1.38 bln buyout offer from Tsinghua Holdings

June 21 (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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