EINDHOVEN, Netherlands, July 19, 2016 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) today announced that the Federal Trade Commission (“FTC”) of the United States has decided to terminate the regulatory review waiting period for the transaction under which NXP divests its Standard Products business to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (“JAC Capital”) and Wise Road Capital LTD (“Wise Road Capital”). NXP continues to expect to close the transaction in the first quarter of 2017.
The FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) with res...
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