UTStarcom Holdings Corp. shares soared Wednesday after a group of its investors offered to buy the Chinese telecommunications company in a deal that values it at about $125 million.
A group led by investment firm Shah Capital Management Inc. that includes UTStarcom Director Hong Liang Lu said in a Securities and Exchange Commission filing that it wants to acquire all of the UTStarcom stock it doesn’t already own for $3.20 per share, and take the company private.
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