April 30, 2015 / 12:22 PM / in 3 years

OmniVision to be bought by Chinese investors in $1.9 billion deal

(Reuters) - OmniVision Technologies Inc, a maker of chips for smartphone and tablet cameras, agreed to be taken private by a group of Chinese investors for about $1.9 billion in cash.

Chinese private equity firms Hua Capital Management Co Ltd, CITIC Capital Holdings Ltd and GoldStone Investment Co Ltd will pay $29.75 per share for the company, a premium of 12 percent to the stock’s Wednesday close on the Nasadaq.

Reporting by Supantha Mukherjee in Bengaluru; Editing by Ted Kerr

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