Advertisement
UK markets closed

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     

  • CRUDE OIL

    79.18
    +0.19 (+0.24%)
     

  • GOLD FUTURES

    2,317.00
    -5.30 (-0.23%)
     

  • DOW

    39,056.39
    +172.13 (+0.44%)
     

  • Bitcoin GBP

    48,973.64
    -1,292.44 (-2.57%)
     

  • CMC Crypto 200

    1,307.04
    +12.37 (+0.96%)
     

  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     

  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

CSR rejects Microchip Tech approach, shares surge

Reuters - UK Focus

LONDON, Aug 28 (Reuters) - British chipmaker CSR (HKSE: 1766-OL.HK - news) said it had rejected an approach from Microchip Technology Inc (NasdaqGS: MCHP - news) about a possible offer for the company, sending its shares up as much as 27 percent.

"The price proposed by Microchip has been rejected and the board is considering its options for the company," CSR (LSE: CSR.L - news) said in a short statement on Thursday.

Under British takeover rules, Microchip has until Sept. 25 to either announce a firm offer for CSR or walk away. (Reporting by Paul Sandle; Editing by Neil Maidment)