CORRECTED-Chipmaker RDA Microelectronics gets second buyout offer
(Corrects to say RDA is a U.S.-listed chipmaker, not a U.S. company)
Nov 6 (Reuters) - U.S.-listed chipmaker RDA Microelectronics Inc said it received an $18 per share buyout offer from China's state-owned Tsinghua Unigroup Ltd, which is funded by the Tsinghua University, marking it a second such bid in more than a month.
The offer represents an almost 16 percent premium to RDA's Wednesday close of $15.55 on the Nasdaq.
In September, RDA Microelectronics said China's state-owned Shanghai Pudong Science and Technology Investment Co Ltd offered to buy the shares of the chipmaker it does not already own at $15.50 per American depositary share.
RDA said no decision has been made with respect to either offers, adding that its board is evaluating both the proposals.
RDA Microelectronics, which makes radio-frequency chips for mobile and broadcast devices, counts Huawei Technologies , ZTE Corp and Lenovo Group Ltd as customers. (Reporting by Sakthi Prasad in Bangalore; Editing by Supriya Kurane)
- U.S. military strike in Somalia targeted al Shabaab leader
- Islamic State issues video of beheading of U.S. hostage |
- Marilyn Monroe sex film to be kept private |
- Actress Jennifer Lawrence contacts authorities after nude photos hacked
- Ukraine accuses Russia of 'undisguised aggression' as rebels advance |