(Reuters) - Chinese fabless chipmaker Spreadtrum Communications Inc said it had received a $1.38 billion buyout proposal from a unit of government-owned Tsinghua Holdings Co Ltd.
The offer of $28.50 per American depository share represents a premium of 28 percent to Spreadtrum's Thursday closing price on the Nasdaq.
(Reporting by Supantha Mukherjee in Bangalore)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp