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Lattice Semiconductor sells to little-known firm with ties to China for $1.3 Billion

November 3, 2016 /

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Portland’s biggest tech company, Lattice Semiconductor, sold Thursday to an obscure California investment firm called Canyon Bridge Capital Partners that says its funding comes from China.

Canyon Bridge said it will pay $1.3 billion for Lattice, or $8.30 per share. The offer represents a 30 percent premium over Lattice’s closing stock price Wednesday. Lattice’s shares shot up more than 18 percent on news of the deal, to $7.53.

By Mike Rogoway | The Oregonian/OregonLive

Full Story: http://www.oregonlive.com/silicon-forest/index.ssf/2016/11/lattice_semiconductor_portland.html#incart_gallery