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BRIEF-UTStarcom says gets preliminary non-binding proposal to acquire co

March 31 UTStarcom Holdings Corp:

* Says preliminary proposal to acquire co from consortium of investors for us$2.15 in cash/share

* UTStarcom announces receipt of a preliminary non-binding proposal to acquire the company

* Board formed special committee consisting of 2 independent and disinterested directors, Sean Shao, Xiaoping Li to consider proposal

* Received preliminary non-binding proposal letter from consortium members to acquire all co's shares not owned by consortium members

* Consortium members consist of Shah Capital Opportunity Fund LP, Himanshu Shah, Hong Liang Lu and his affiliates, Tenling Ti Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

我们的标准: 汤森路透“信任原则

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