RTTNews | Sep 23, 2020 10:58AM EDT

10:58 Wednesday, September 23, 2020 (RTTNews.com) - Shares of Diodes Inc. (DIOD) are currently gaining nearly 5% after the company said it received approval from China's antitrust authority for acquisition of Lite-On Semiconductor.

DIOD is currently trading at $50.39, up $2.19 or 4.54%, on the Nasdaq.

Diodes said it received approval from the China's State Administration for Market Regulation to proceed with its planned acquisition of Lite-On Semiconductor.

The deal is expected to occur by the end of November of this year.

Read the original article on RTTNews ( https://www.rttnews.com/3130936/stock-alert-diodes-up-5-as-china-s-antitrust-authority-okays-lite-on-semiconductor-acquisition.aspx)

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