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Tsinghua Unigroup completes acquisition of Spreadtrum

Tsinghua Unigroup and Spreadtrum Communications jointly announced the completion of the previously announced merger of Spreadtrum with an affiliate of Tsinghua. Under the terms of the agreement, each of the company's ordinary shares, including ordinary shares represented by American Depositary Shares, have been cancelled in exchange for the right to receive $10.33 per ordinary share, or $31.00 per ADS less 5c per ADS cancellation fees.