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Spreadtrum receives $1.39B buyout offer

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Shares of Spreadtrum Communications Inc. soared Friday after the smartphone chip maker said its board is considering a preliminary acquisition offer valued at about $1.39 billion from Tsinghua Holdings Co. Ltd. The Chinese company said Tsinghua outlined in a letter dated Thursday an offer that amounts to $28.50 in cash for each American depositary share. That represents a premium of 20 percent...

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