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Finland's Okmetic Receives Takeover Offer From China's National Silicon

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Finland's Okmetic , said on Friday that it had received a takeover offer from China's National Silicon Industry Group (NSIG) for the maker of silicon wafers used in semiconductors and analog circuits. It said NSIG had offered 9.20 euros ($10.49) and a dividend of 0.65 euros per Okmetic share, which represents a premium of close to 30 percent to its closing price on Thursday. The board of Okmetic unanimously recommended shareholders accept the offer.

 

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