Tsinghua Unigroup is preparing a bid for memory chip maker Micron, in what could be the biggest ever Chinese takeover of a US firm. The
tech giant is reportedly set to offer 21 dollars per share for
Micron, an almost 20 percent premium to the stock’s close on
Monday.
Sources close to the Chinese firm say the bid could be put in
as soon as Wednesday.Any such takeover of Micron would likely have to
pass a review by the US Committee on Foreign Investment, which looks
at the national security implications of such deals.
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