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

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

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.