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CSR-Qualcomm deal gets Korea approval

20 March 2015 09:53

CSR's acquisition by Qualcomm Global Trading - an indirect wholly owned subsidiary of Qualcomm Inc - has been approved by the Korea Fair Trade Commission.

CSR also says that Taiwan's Fair Trade Commission has determined not to exercise its jurisdiction over the transaction. Approval for the acquisition has previously been granted by the US Federal Trade Commission and the German Federal Cartel Office.

Completion remains subject to merger control approvals in China and Japan. The acquisition is expected to close in late summer.

At 9:53am: (LON:CSR) CSR PLC share price was -1.25p at 857.75p

Story provided by StockMarketWire.com

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