Wednesday, July 11, 2007

NEC under pressure to give up control of chip unit

(Reuters) - Electronics Corp. for about 154 billion yen , or 5,000 yen a share, a source close to the matter said on Wednesday.




That would be a 58 percent premium to the closing price of the world's No.11 chip maker prior to the offer.


Read more at Reuters.com Business News

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