Chipmaker Synaptics rejects Chinese firm’s offer: Bloomberg


(Reuters) – Touchscreen chip maker Synaptics Inc rejected an offer from a Chinese investment group valuing the company at nearly $4 billion, Bloomberg reported on Wednesday. The Chinese state-backed group bid $110 per share for Synaptics, Bloomberg reported, citing people familiar with the matter. The offer price is a near 70 percent premium to Synaptics’ Tuesday close.

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