3 days ago
Advent Is Said to Weigh Takeover Bid for Swiss Chipmaker U-blox
Advent is working on an offer to acquire U-blox Holding AG in a deal that could value the Swiss maker of positioning chips at more than 1 billion Swiss francs ($1.2 billion), according to people familiar with the matter.
An announcement could be made as soon as in the next few days, the people said, declining to be identified because the information is private. Shares of U-blox have risen about 56% this year, giving the company a market value of nearly $1.1 billion.
