BEIJING/SAN FRANCISCO: State-backed Chinese technology conglomerate Tsinghua Unigroup Ltd is preparing a US$23bil (RM87.58bil) bid for US memory chip maker Micron Technology Inc, The Wall Street Journal reported, in what would be the biggest Chinese takeover of a US company.
Unigroup is prepared to bid US$21 (RM79.97) per share for Micron, which is at a 19.3% premium to the stock's close on July 13, the Journal reported, citing people familiar with the matter.
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