Chipmaker RDA Microelectronics gets $15.50/ADS buyout offer
Sept 27 (Reuters) - RDA Microelectronics Inc said China's state-owned Shanghai Pudong Science and Technology Investment Co Ltd offered to buy shares of the company it does not already own at $15.50 per American depositary share, valuing the radio frequency chipmaker at about $750 million.
The offer represents a premium of 11.7 percent to RDA Microelectronics' Thursday close of $13.88.
The Shanghai-based chipmaker said its board of directors was reviewing the proposal.
Shanghai Pudong is owned by the Pudong New Area government of Shanghai.