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Committee on Foreign Investment in the United States approves transaction.
October 17, 2016
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
NXP Semiconductors N.V. announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the transaction under which NXP divests its Standard Products business (Nexperia) to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (JAC Capital) and Wise Road Capital Ltd. NXP continues to expect to close the transaction in the first quarter of 2017.
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