Thursday, December 8, 2016

China's Fujian drops Aixtron bid after U.S. blocks deal

Seeking Alpha reports:
  • China's Fujian Grand Chip Investment Fund drops its takeover bid for German chip equipment maker Aixtron (NASDAQ:AIXG), saying its offer had lapsed as it had failed to obtain U.S. regulatory approval for the deal.
  • AIXG's technology is being used to upgrade both U.S. and foreign-owned Patriot missile defense systems, and the U.S. blocked the deal last Friday due to national security risks.

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