Pericom shareholders approve Diodes bid
(Reuters) - Chipmaker Pericom Semiconductor Corp shareholders approved Diodes Inc's $413 million bid, rejecting Chinese company Montage Technology's higher offer.
Pericom said a majority of shares cast in a special shareholder meeting were in favor of the Diodes offer.
Montage raised its bid to about $442 million on Wednesday.
(Reporting by Anya George Tharakan in Bengaluru)