Unisplendour rises on parent鈥檚 chip deal
Print Edition
SHENZHEN-LISTED Unisplendour Corp surged by the 10 percent daily cap yesterday after its parent Tsinghua Unigroup Ltd was said to buy US-based chipmaker Micron Technology Inc for US$23 billion.
Tsinghua Unigroup would bid US$21 a share, or about 19 percent more than Micron’s closing price on Monday in New York, media reported yesterday, citing sources who asked not to be identified.
Micron said it hadn’t received the proposal.
“We are very interested to cooperate with Micron,” Tsinghua Unigroup Chairman Zhao Weiguo said, without commenting on the potential bid, as reported by Bloomberg News.
Unisplendour, the subsidiary of Tsinghua Unigroup, surged by the 10 percent limit to close 82.70 yuan (US$13.32) yesterday, compared with a 0.91 percent gain in the benchmark Shenzhen Component Index.
But the deal still requires several rounds of negotiations because some Micron’s technologies are also owned by Intel Corp and they represent the most advanced technology in the US, according to TrendForce, a Taiwan-based research company.
“There is only a small possibility US regulators will approve this deal because it has a very strict review over offers from foreign investors, especially China,” said Gu Wenjun, chief analyst at iCwise, a Shanghai-based consulting company.
Micron is the world’s third-largest memory chip vendor.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
