STMicroelectronics (STM -1.2%) probably won't go through with a plan to split its analog and...
Thursday, November 15, 2012, 2:27 PM ETSTMicroelectronics (STM -1.2%) probably won't go through with a plan to split its analog and digital chip businesses, sources tell Bloomberg. While French execs, including STM's chairman and COO, reportedly favor a breakup, Italian CEO Carlo Bozotti doesn't. STM shares surged last month after Bloomberg reported a split was being considered, and remained higher even after the company issued a denial (of sorts). STM's analog ops are performing much better than its digital ops.
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