- 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.
Thursday, December 8, 2016
China's Fujian drops Aixtron bid after U.S. blocks deal
Seeking Alpha reports: