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Stock Market & Financial Investment News

News Breaks
December 16, 2013
08:08 EDTSPRDSpreadtrum says Tsinghua obtained regulatory approvals for merger
Spreadtrum announced that it has been informed by Tsinghua Unigroup that Tsinghua has now obtained all PRC regulatory approvals required to proceed with its acquisition of Spreadtrum. The merger is expected to be completed during the week commencing December 23. Spreadtrum and Tsinghua entered into a merger agreement pursuant to which the company will become a subsidiary of Tsinghua and each American depositary share will be converted into the right to receive $31.00 in cash.
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