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Pleasant Lake Launches Hostile Takeover Bid For Chipmaker

By Benjamin Horney (August 31, 2015, 2:15 PM EDT) -- New York-based hedge fund Pleasant Lake Partners on Monday launched a hostile takeover bid for Magnachip Semiconductor Corp. that values the company at roughly $346 million, saying that the South Korea-headquartered chipmaker is in need of "immediate strategic change."...

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