[New post] China’s Unigroup chairman visiting U.S. to discuss Micron bid: sources

sskarthik posted: "WASHINGTON/BEIJING (Reuters) - The chairman of China's Tsinghua Unigroup traveled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people famili" Respond to this post by replying above this line New post on SKarthik.info China’s Unigroup chairman visiting U.S. to discuss Micron bid: sources by sskarthik WASHINGTON/BEIJING (Reuters) - The chairman of China's Tsinghua Unigroup traveled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Micron dismissed an informal $23 billion offer by state-backed investment firm Unigroup in July on the presumption that the U.S. regulatory committee that reviews foreign acquisitions of sensitive U.S. companies would block the deal on national security concerns, sources have said. In August, U.S. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign Investment in the United States (CFIUS) to reject Tsinghua's acquisition attempt, citing Micron's role in making chips used in U.S... Read more... sskarthik | August 28, 2015 at 12:05 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3hmB Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/28/chinas-unigroup-chairman-visiting-u-s-to-discuss-micron-bid-sources/ Thanks for flying with WordPress.com