Hua Capital, CITIC, Goldstone to buy OmniVision for $1.9b
A Chinese PE consortium comprising Hua Capital, CITIC Capital and Goldstone Investment have agreed to buy OmniVision Technologies, a US-listed chip maker for smart phones and tablet cameras, for $1.9 billion in cash.
According to a filing, the consortium will acquire 63 million shares at $29.75 apiece, which represents a 12% premium to the closing price on April 29, the last trading day before the deal was announced....
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