Wednesday, October 07, 2015

Omnivision Acquisition Advances One More Step

PRNewswire: OmniVision received a notice from the Committee on Foreign Investment in the United States ("CFIUS") that it has concluded its review of the proposed acquisition of OmniVision by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd., and determined that there are no unresolved national security concerns with respect to the proposed acquisition. OmniVision expects the proposed acquisition to close in the third or fourth fiscal quarter of fiscal year 2016.

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