The Chinese public group Tsinghua Unigroup is preparing a 23 billion dollar takeover bid on the US company Micron Technology Inc, one of the largest chip manufacturers in the world. The Wall Street Journal writes it. If the deal goes through, it will be the largest Chinese acquisition of a US company.
Tsinghua intends to offer Micron shareholders a price of 21 dollars per share, with a 19% premium compared to yesterday's closing on the New York Stock Exchange.
But Micron stock is also listed on the Frankfurt Stock Exchange, where this morning it recorded a surge up to +12,10%, at 17,69 euros. The US group makes it known that it has not yet received any offers. According to rumors, the takeover bid could be formalized tomorrow.
