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Stock Market & Financial Investment News

News Breaks
November 6, 2012
05:52 EDTRDARDA Microelectronics announces Q3 business highlights
Achieved volume shipments of DVB-S tuners to LG Innotek for TVs sold in Europe. Achieved volume shipments of SP3T switch for use in Samsung's 2G handsets, reflecting the Company's progress on expanding global Tier-one customer relationships. Shipped 1M units of the recently launched RDA8851, the industry's most integrated single-chip baseband SoC. Surpassed 1M units shipped per month in September for the Company's WiFi, Bluetooth and FM three-in-one combo chip. Began volume shipments of the RDA6815 low-band WCDMA Power Amplifier. Began volume shipments of the RDA5850 Bluetooth embedded controller for non-handset applications.
News For RDA From The Last 14 Days
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July 18, 2014
15:54 EDTRDATsinghua closes acquisition of RDA Microelectronics
Tsinghua Unigroup and RDA Microelectronics jointly announced the closing of the approximately $907M merger of RDA with an affiliate of Tsinghua, as previously announced. Under the terms of the agreement, which was approved by the company's shareholders at an extraordinary general meeting held on December 27, 2013, each of the company's ordinary shares, including ordinary shares represented by American Depositary Shares, each representing six ordinary shares, issued and outstanding immediately prior to the effective time of the Merger, are cancelled in exchange for the right to receive $3.083333 per ordinary, or $18.50 per ADS. The company also announced that it will request that trading of its ADSs on the Nasdaq Global Select Market be suspended.

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