Update 10:20am: Adds share prices.
- China's antitrust regulator is said to have accepted MaxLinear's ( NASDAQ: MXL ) filing of its planned acquisition of Silicon Motion ( NASDAQ: SIMO ) under normal procedure. SIMO rose 2.8% , while MXL gained 2.4%.
- China's State Administration for Market Regulation is said to agree to evaluate the $3.8 billion acquisition of Silicon Motion ( SIMO ) under normal procedure, according to traders, who cited a report that's circulating on Wednesday.
- In late August MaxLinear ( MXL ) was asked by China's antitrust regulatory to refile for its planned purchase of Silicon Motion ( SIMO ) under "normal procedure."
- The companies first announced the deal in May.
For further details see:
MaxLinear application for Silicon Motion filing said accepted by China's antitrust regulator (update)