TDK to Acquire InvenSense (INVN) in $1.3B Deal
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TDK to Acquire InvenSense Realize New Sensor Solutions in IoT, Automotive and ICT
December 21, 2016 3:09 AM ESTKey Transaction Highlights:
Acquisition promotes further growth in sensor and actuator products, an important part of TDKs strategic growth plan, and will strengthen TDKs position as a stronger global player for sensor solutions. Transaction brings together more complete portfolio of sensor and software solutions spanning inertial, pressure, microphone and ultrasonic wave sensor products and technologies from InvenSense, with TDKs pressure, temperature, electric current and various other sensors. USD 13.00 per share, representing a 19.9% premium to InvenSenses closing share price on December 20, 2016 and a 52.4% premium to its 60-day... More