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Acquisition promotes further growth in sensor and actuator products.
December 21, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
TDK Corporation and InvenSense, Inc. entered into a definitive agreement today wherein TDK agrees to acquire all of the outstanding InvenSense shares for cash at an acquisition price of USD $13.00 per InvenSense share, for a total acquisition price of USD $1.3 billion. The transaction has been unanimously approved by the Boards of Directors of both companies. Completion of the transaction is expected in second quarter of the fiscal year ending March 31, 2018, and is subject to approvals by I...
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