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InvenSense +3.2% on clearances for TDK buyout

Apr. 18, 2017 3:12 PM ETInvenSense (INVN) StockBy: Jason Aycock, SA News Editor4 Comments
  • InvenSense (NYSE:INVN) is up 3.2% today after announcing it's gotten regulatory clearances for its $1.3B buyout by TDK (OTCPK:TTDKY).
  • The Hart-Scott-Rodino waiting period has expired and the Committee on Foreign Investment in the United States has OK'd the deal, InvenSense says.
  • It's set a special meeting for May 17 for stockholders to approve, and expects closing shortly thereafter.

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