Actions Semiconductor (ACTS) will resume trading at 5:00pm ET
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Actions Semiconductor Enters Into Definitive Merger Agreement For Going Private Transaction
September 12, 2016 4:30 PM EDTZHUHAI, China, Sept. 12, 2016 /PRNewswire/ -- Actions Semiconductor Co., Ltd. ("Actions Semiconductor" or the "Company") (NASDAQ:Â ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") on September 12, 2016 pursuant to which the Company will be acquired by a consortium of investors (the "Buyer Consortium"), including Supernova Investment Ltd. ("Parent") and other certain shareholders of the Company: Surrey Glory Investments Inc., Tongtong Investment Holding Co., Ltd., Perfectech Int'l Ltd, Allpremier Investment Limited,... More