- Chinese third parties are said to have no major objections to the latest remedies submitted in Advanced Micro Devices' (NASDAQ:AMD) planned acquisition of Xilinx (NASDAQ:XLNX). The XLNX/AMD deal spread narrowed to $30.80 from $40.98 yesterday.
- Chinese's antitrust authority, the State Administration for Market Regulation, has been reorganizing with the goal of speeding up merger reviews, according to traders, who cited a report that's being circulated around. The report sees a greater probability of Xilinx being approved this month.
- Deals that have been pending for a long time, like Xilinx/AMD and GlobalWafers acquisition of Siltronic (OTCPK:SSLLF) and Intel's (NASDAQ:INTC) $10B NAND sale to SK Hynix may be cleared this month, according to the report.
- AMD is still awaiting approval from China but has received antitrust clearance in the U.S. and Europe. In September month, AMD was said to have made progress in China with large third parties ready to bless the transaction.
- Earlier this week, Xilinx ticks higher after AMD CEO reiterates close by end of year.
Xilinx/AMD is said to see no major objections from 3rd parties in Chinese review
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Symbol | Last Price | % Chg |
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