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August 14, 2014
12:59 EDTOVTIOmniVision competing bid 'highly unlikely,' says Wedbush
Wedbush believes a competitive bid to Hua Capital Management's $29 per share offer for OmniVision is "highly unlikely" and it notes it hasn't been able to find any public information on Hua Capital as of yet. Wedbush points to OmniVision's continued market share declines in North America as one of the reasons a competing bid is unlikely. The firm has a Neutral rating on OmniVision.
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