The Traderszone Network

Published in TZ Latest News 22 July, 2015 by The TZ Newswire Staff

Tsinghua Holdings chief says still in Micron talks, hopeful on deal

China’s Tsinghua Holdings is still discussing a potential deal to buy U.S. chipmaker Micron Technology Inc (MU.O) and hopes it could eventually go through, the state-backed investment company’s chairman told Reuters on Thursday. Sources told Reuters earlier this week that Micron has dismissed an informal $23 billion offer from Tsinghua Unigroup, a private equity subsidiary of Tsinghua Holdings, on the presumption that a deal would be blocked by U.S. regulators. Xu Jinghong, chairman of Tsinghua Holdings, said he remained hopeful, although his firm has not held any discussions with U.S.

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