RBC Capital Downgrades Peregrine Semiconductor (PSMI) to Sector Perform on Takeover

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Go back to RBC Capital Downgrades Peregrine Semiconductor (PSMI) to Sector Perform on Takeover

Murata Electronics to Acquire Peregrine Semi (PSMI) in Net $465M Deal

August 22, 2014 8:09 AM EDT

Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., and Peregrine Semiconductor Corporation (Peregrine) (Nasdaq: PSMI) announced that they have entered into a definitive agreement under which Murata will acquire all outstanding shares of Peregrine not owned by Murata, for $12.50 per share in cash, or a total transaction value of $471 million ($465 million excluding Muratas existing holding). Peregrine is the founder of RF SOI (silicon on insulator) and pioneer of advanced Radio Frequency (RF) solutions and is a leading provider of RF front-end (RFFE) solutions for mobile and analog... More