Resonant Shares Jumped More Than 250% in Premarket Trading

Tiger Newspress2022-02-15

Resonant shares jumped more than 250% in premarket trading.

Resonant(NASDAQ:RESN)said Murata Electronics North America - a unit of Murata Manufacturing(OTCPK:MRAAY)- will acquire all outstanding RESN shares not owned by Murata for $4.50/share in cash, or $295.7M.

The combination will allow both companies to expand their offerings and access additional markets and customers.

RESN will become a wholly-owned subsidiary of Murata.

“This acquisition will combine Murata’s mobile radio frequency product capabilities with Resonant’s XBAR filter solutions,” said Norio Nakajima, president, Murata.

The transaction, which has been approved by both companies’ boards, is expected to close by the end of Mar.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
15