TDK to acquire InvenSense for US$1.3 billion

TDK and InvenSense have entered into a definitive agreement wherein TDK agrees to acquire all outstanding InvenSense shares for cash at US$13.00 per InvenSense share, for a total acquisition price of US$1.3 billion, according to the companies. The transaction has been unanimously approved by the boards of directors of both companies.

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via Yuichun