U.S. digital imaging chipmaker OmniVision Technologies Inc said it received a takeover proposal from a group of investors led by China's Hua Capital Management Ltd. The proposed offer price of $29 per share in cash values OmniVision at $1.67 billion.The proposed offer price represents a premium of 17.9 percent to OmniVision stock's Wednesday close.The company said it was evaluating the proposal and that JP Morgan Securities was its financial adviser.OmniVision's chips are used in smartphone and tablet cameras and compete with those made by Sony Corp and Himax Technologies Inc.
Himax Technologies, Inc. operates as an IC design house with LCD manufacturing capability. Shares of HIMX remained unchanged at $7.71. In the past year, the shares have traded as low as $5.57 and as high as $16.15. On average, 5502300 shares of HIMX exchange hands on a given day and today's volume is recorded at 104621.
OmniVision Technologies, Inc. (OmniVision) designs, develops and markets integrated and semiconductor image-sensor devices. Shares of OVTI remained unchanged at $24.60. In the past year, the shares have traded as low as $13.55 and as high as $24.93. On average, 1187470 shares of OVTI exchange hands on a given day and today's volume is recorded at 0.
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