UBS Doesn't See Private Equity Buyout of SMI, Downgrades
UBS downgrades Semiconductor Manufacturing International (NYSE: SMI) from Neutral to Reduce, saying the company is an unlikely candidate a private equity buyout.
Shares of Semiconductor Manufacturing ramped 22% on Wednesday on rumors the company could be a takeover target.
Shares of Semiconductor Manufacturing ramped 22% on Wednesday on rumors the company could be a takeover target.
Labels: LBO, Private Equity, Semiconductor Manufacturing International, SMI
posted by Lon at 10:13 AM
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