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.
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