Law360, New York (June 22, 2012, 3:00 PM ET) -- Semiconductor maker MediaTek Inc. is offering to scoop up competitor Mstar Semiconductor Inc. in a deal worth 54.9 billion Taiwan dollars (US$1.83 billion), as it attempts to stay on top in a tightening marketplace, MediaTek announced Friday.
The cash-and-stock tender offer, would see the Taiwanese chip giant pick up 212 million to 254 million Mstar shares for the purchase price of 1 Taiwanese dollar and .794 of MediaTek stock per share. If the deal goes through, MediaTek would own 40 percent to 48 percent of the...
MediaTek Makes $1.83B Offer For Rival Mstar
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