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Group Offers $1.67B for OmniVision

U.S. digital imaging chipmaker OmniVision Technologies said it received a buyout proposal from a group of investors led by China’s Hua Capital Management. The proposed offer price of $29 per share in cash values OmniVision at $1.67 billion and represents a premium of 17.9 percent to the stock’s Wednesday close. http://recode.net/2014/08/14/chinese-group-offers-1-67-billion-for-chipmaker-omnivision/ #tech

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