- Japanese passive component/RF module maker Murarta (OTCPK:MRAAF) is acquiring Peregrine Semi (NASDAQ:PSMI) for $12.50/share, or $471M, in cash. The price represents a 63% premium to Peregrine's Thursday close.
- The companies declare Peregrine's RF front end product line and silicon on insulator (SOI) process expertise complement Murata's mobile RF offerings. The deal is expected to close in late 2014 or early 2015.
- News of the deal arrives two days after Infineon announced it's buying International Rectifier for $3B. Both moves are part of a larger chip industry consolidation wave.
at MarketWatch.com (Sep 9, 2014)