OmniVision Technologies, a maker of chips for cameras of smartphones and tablets, has agreed to take private by a group of Chinese investors for about $ 1.9 billion in cash.
Chinese private equity firms Hua Capital Management, CITIC Capital Holdings and investment Goldstone will pay $ 29.75 per share for the company, a premium of 12 percent to action Wednesday Nasdaq close.
The company's shares have risen about 36 percent in the past year.
The Chinese state-owned investment companies buy several manufacturers of chips traded in the United States over the past two years, including Mount Technology Group, Spreadtrum and RDA Microelectronics.
OmniVision, whose clients include Apple, competes with companies like Sony, Samsung and Himax Technologies.
The company has a design center and a testing center in China and generates almost 80 percent of its revenues.
It is expected that OmniVision CEO Shaw Hong stay with the company after the close of the transaction, expected in the third or fourth quarter of fiscal 2016.
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