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Semiconductors M&A image Semiconductors M&A » By The Online Investor Staff, updated Wed., May. 8, 7:51 AM Recent mergers and acquisitions in the Semiconductors M&A category.

Slide #38. Tsinghua Unigroup RDA Microelectronics

Acquirer: Tsinghua Unigroup
Acquiree: RDA Microelectronics (RDA)
Details: Tsinghua Unigroup Ltd. ("Tsinghua Unigroup"), an operating subsidiary of Tsinghua Holdings Co., Ltd., a solely state-owned limited liability corporation funded by Tsinghua University in China, and RDA Microelectronics, Inc. (Nasdaq:RDA) ("RDA" or the "Company"), a fabless semiconductor company that designs, develops and markets wireless systems-on-chip and radio-frequency (RF) semiconductors for cellular, connectivity and broadcast applications, today jointly announced that they have entered into a definitive merger agreement under which Tsinghua Unigroup will acquire all of the outstanding ordinary shares of RDA for US$18.50 per American Depositary Share (or US$3.0833 per ordinary share, each American Depositary Share representing six ordinary shares). The merger values RDA's equity at approximately US$910 million, on a fully diluted basis. The purchase price represents a premium of approximately 33.3% over the closing price of RDA's American Depositary Shares on September 26, 2013, the last trading day prior to the announcement by RDA of the receipt of a preliminary non-binding proposal letter to acquire RDA from a third party.



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Company Name:  RDA Microelectronics Inc
Website:  www.rdamicro.com
Sector:  Semiconductors
 

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May 8, 2024    7:51 AM Eastern
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Hold (2.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)
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