OmniVision Technologies Inc. (NASDAQ: OVTI) a maker of chips for smartphone and tablet cameras, agreed to be taken private by a group of Chinese investors for about $1.9 billion U.S. in cash.
Chinese private equity firms Hua Capital Management Co Ltd, CITIC Capital Holdings Ltd and GoldStone Investment Co Ltd will pay $29.75 U.S. per share for the company, a premium of 12% to the stock's Wednesday close on the NASDAQ.
OmniVision shares opened Thursday trading up $1.45, or 5.5% to $28.00 U.S. within a 52-week trading range from $18.50 U.S. to $28.95 U.S.
Tech Insider
