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Consortium led by JAC Capital, Wise Road Capital will pay approximately $2.75 billion for the business.
June 15, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. announced an agreement to divest its Standard Products business to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (JAC Capital) and Wise Road Capital LTD. Under the terms of the agreement the consortium will pay approximately $2.75 billion for the business. The transaction is expected to close in the first quarter of 2017, pending all required regulatory approvals and employee representative consultations. The NXP Standar...
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