May. 23 at 10:31 AM
$AAPL $HNHPF
Foxconn among possible bidders for UTAC in
$3B deal, Reuters reports
Apple (AAPL) supplier Foxconn (HNHPF) is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about
$3B, Reuters' Kane Wu reports. Wise Road Capital, UTAC's owner, has hired Jefferies to run a sale process and is expecting to field non-binding bids by end of this month, two people with knowledge of the matter say.