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Foxconn among possible bidders for UTAC in $3B deal, Reuters reports

Apple (AAPL) supplier Foxconn (HNHPF) is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about $3B, Reuters’ Kane Wu reports. Wise Road Capital, UTAC’s owner, has hired Jefferies to run a sale process and is expecting to field non-binding bids by end of this month, two people with knowledge of the matter say.

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