OmniVision Technologies, a maker of digital imaging chips for smartphones and other devices, says it has received a buyout offer from a group of Chinese investors for some $US1. 6 billion ($A1. 7 billion).
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The investment group includes Shanghai Pudong Science and Technology Investment Co Ltd, a state-owned limited liability company under the Pudong New Area government of Shanghai, according to the statement.
The California group said in a statement it "received a preliminary non-binding proposal" from Hua Capital Management Ltd to acquire the company for $US29 a share.
Read more here: Business Spectator