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Spansion To Receive $150 Million In Settlement With Samsung

Wall Street Journal | June 20, 2011 | Tess Stynes

Spansion Inc. (CODE) will receive $150 million over five years as part of a settlement of its long-running patent litigation and disputes with Samsung Electronics Co. (005930.SE, SSNHY).

Spansion shares were up 4.2% at $18.68 in recent trading. However, the stock remains off 10% this year.

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