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Technology Stocks : Apple Inc.

AAPL 280.34

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3:16 PM EST

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From: Sr K	5/26/2014 6:49:34 PM
	of 213173

bloomberg.com Hon Hai Precision Industry Co. (2317) agreed to buy an NT$11.7 billion ($387 million) stake in Taiwanese carrier Asia Pacific Telecom Co. and negotiate a takeover as it prepares to offer fourth-generation wireless services. Hon Hai unit Ambit Microsystems Corp. will purchase 583 million APT shares at NT$20 each in a private placement and could introduce international strategic investors to buy another 244 million shares, the companies said in exchange filings yesterday. Ambit and APT will then negotiate a full merger via a share swap, they said. Hon Hai, an assembler of Apple Inc.’s iPhones led by billionaire chairman Terry Gou, is moving beyond contract manufacturing to increase margins and boost revenue. Acquiring APT, which had 2.1 million subscribers at the end of April, will help it roll out services after winning a fourth-generation license last year.

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