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Stock Market & Financial Investment News

News For PSMI From The Last 14 Days
Check below for free stories on PSMI the last two weeks.
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September 2, 2014
16:15 EDTPSMIQVT Financial reports 9.73% stake in Peregrine
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August 22, 2014
11:17 EDTPSMIPeregrine unlikely to receive competing bid, says Oppenheimer
Oppenheimer believes Peregrine (PSMI) is unlikely to receive a competing takeover bid to Murata's since Murata is Peregrine's largest customer and Avago (AVGO) and Skyworks (SWKS) are looking to diversify away from mobile. Opco thinks Murata may look to divest Peregrine's non-mobile business, and views Skyworks, RF Micro Devices (RFMD), Analog Devices (ADI), and M/A-Com Technology (MTSI) as logical buyers for the business.
08:11 EDTPSMIMurata acquires Peregrine for $12.50 per share in cash
Murata Electronics North America, a wholly owned subsidiary of Murata Manufacturing and Peregrine Semiconductor announced that they have entered into a definitive agreement under which Murata will acquire all outstanding shares of Peregrine not owned by Murata, for $12.50 per share in cash, or a total transaction value of $471M, or $465M excluding Murata’s existing holding. Upon closing of the transaction, Peregrine will become part of Murata’s strategy to expand its core business. Peregrine will become a wholly owned subsidiary of Murata and continue with its current business model of solving the world’s toughest RF challenges. The acquisition will deliver to Murata advanced RF Front-end capabilities and the world’s best Silicon on Insulator process technology, key areas for the growing integration of mobile technologies. Peregrine supplies many wireless markets, including: smartphones, test & measurement, automotive, public safety radio and wireless Infrastructure. Peregrine will also provide Murata with a strong portfolio of Intellectual Property Rights covering the entire RF SOI front-end. The transaction, which has been approved by both companies’ boards of directors, is expected to close by the end of 2014 or early 2015, subject to Peregrine’s stockholders’ approval, regulatory approvals, and other customary closing conditions.
08:09 EDTPSMIMurata to acquire Peregrine for $12.50 per share in cash
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07:57 EDTPSMIPeregrine trading halted, pending news
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