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BUSINESS BRIEFS.(TO THE POINT)
ACQUISITIONS
Citigroup unit bids for Hynix unit
A Citigroup venture capital fund has offered $430 mil to buy the system integrated circuit operations of South Korea's debt-ridden Hynix Semiconductor, a source said. Hynix, the world's No. 3 memory chip maker, is trying to raise cash to update its technology. The offer is below the $600 mil it put on the unit, which generates one-fifth of its annual revenue.
** Dutch regulators expect ...
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