OmniVision Receives Clearance from the Committee on Foreign Investment in the United States

Date Announced: 06 Oct 2015

Private equity takeover, which still requires other regulatory approvals, expected to close in coming months.

SANTA CLARA, Calif., Oct. 6, 2015 /PRNewswire/ -- OmniVision Technologies, Inc. (OVTI) ("OmniVision"), a leading developer of advanced digital imaging solutions, today announced that it has received notice from the Committee on Foreign Investment in the United States ("CFIUS") that it has concluded its review of the proposed acquisition of OmniVision by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd., and determined that there are no unresolved national security concerns with respect to the proposed acquisition.

The proposed acquisition remains subject to the receipt of certain foreign antitrust and regulatory approvals, as well as other customary closing conditions. OmniVision expects the proposed acquisition to close in the third or fourth fiscal quarter of fiscal year 2016.

Source: OmniVision Technologies

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