Montage Technology Group LimitedNASDAQ
Jun. 11, 2014, 11:50 AM
- Montage (MONT +8.7%) has agreed to be acquired by state-owned firm PDSTI for $22.60/share in cash, or $693M.
- The deal, still subject to shareholder vote, values Montage at 6.2x 2013 sales. The chipmaker currently trades 5% below PDSTI's offer price.