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Stock Market & Financial Investment News

News Breaks
December 27, 2013
05:32 EDTRDARDA Microelectronics shareholders approve merger with Tsinghua
RDA Microelectronics announced the results of its extraordinary general meeting of shareholders held on December 27 in respect of the company's pending acquisition by Tsinghua Unigroup. As previously announced, RDA and Tsinghua entered into a definitive merger agreement pursuant to which the company will become a majority-owned subsidiary of Tsinghua and each American depositary share will be converted into the right to receive $18.50 in cash. At the meeting, shareholders constituting a valid quorum were present in person or by proxy and approved all of the resolutions proposed.
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