NXP to divest standard products business, subject to regulatory approvals
( June 14, 2016, 06:54 GMT | Official Statement) -- MLex Summary: Dutch chipmaker NXP Semiconductors has agreed to sell its standard products business to a consortium of financial investors consisting of Beijing Jianguang Asset Management and Wise Road Capital, the company said today. The deal is subject to approval by the US Federal Trade Commission, the European Commission, China’s Ministry of Commerce and other agencies, according to NXP.The statement follows:...
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