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RDA +2.6% pre-market, amends merger on Chinese regulatory relaxation

  • RDA Microelectronics (RDA) and Tsinghua Unigroup amend their merger agreement in light of the relaxation of regulations relating to overseas investments.
  • Tsinghua Unigroup President Zhao Weiguo: "We are continuing to collaborate with the relevant parties to close the Merger smoothly."
  • RDA +2.6% AH to $18, 2.8% below the proposed acquisition price of $18.50/share.
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