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Spreadtrum (SPRD -0.8%) has hired Morgan Stanley to advise it on Tsinghua Unigroup's...

Spreadtrum (SPRD -0.8%) has hired Morgan Stanley to advise it on Tsinghua Unigroup's $28.50/share buyout offer. The chipmaker says its board is "continuing its review and evaluation of the Unigroup Proposal and other alternatives available to the Company." Shares currently trade 8% below the offer price.
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