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Magnachip Semiconductor ticks inferior no relatório sobre o processo de aquisição (atualização)

Magnachip Semiconductor ticks inferior no relatório sobre o processo de aquisição (atualização)

Update 9:47am: Updates shares.

  • Magnachip Semiconductor ( NYSE: MX ) ticked down 0.7% after a  report that LX Holdings is still reviewing a possible bid, though the item also indicated that there are no active talks and LX may be looking at other targets.
  • LX is still reviewing a possible offer for Magnachip ( MX ) after submitting a letter of intent in May, according to Dealreporter, which cited a spokesperson at LX Holdings. LX Group in late April confirmed a report to Bloomberg that it was considering an offer for Magnachip .
  • The Dealreporter item also reported that a source familiar said that LX put its “pencils down” and halted talks in July and that there is no active engagement. LX views a Magnachip ( MX ) deal as high risk and has started to look at alternative targets.
  • NXP Partners, which has been reported to also be interested in MX, is no longer pursing a transaction, according to Dealreporter.
  • Earlier this month Magnachip ( MX ) announced it expanded its stock buyback program to $87.5M.

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Magnachip Semiconductor ticks inferior no relatório sobre o processo de aquisição (atualização)

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