Spreadtrum Communications (SPRD) announces receipt of a non-binding $28.50/share cash...

|About: Spreadtrum Communication... (SPRD)|By:, SA News Editor

Spreadtrum Communications (SPRD) announces receipt of a non-binding $28.50/share cash acquisition offer from Tsinghua Holdings. Shares +7.6% premarket to $23.98. Kudos to SA Pro's Ashraf Eassa who just two weeks ago - with the stock under $20 - said he saw 55% upside in the shares. (PR)