Chinese Consortium to Acquire OmniVision for $1.9B
SANTA CLARA, Calif., May 4, 2015 — A group of Chinese privateequity firms is planning to acquire OmniVision Technologies Inc. for approximately $1.9 billion.
The prospective buyers are Hua Capital Management Co. Ltd., CITIC Capital Holdings Ltd. and GoldStone Investment Co. Ltd.
Under an agreement between the parties, OmniVision stockholders would receive $29.75 per share in cash, or a total of approximately $1.9 billion.
"We are pleased to have reached this agreement, which we believe realizes...