Tsinghua Violet 1.78 billion dollars to complete the acquisition of the exhibition

December 24, Tsinghua Light and exhibition Communications announced today, according to the two sides signed the agreement on July 12, 2013, the Purple Violet Group of the acquisition of the communication has been completed, the acquisition amount of 1.78 billion U.S. dollars (about 10.9 billion RMB).

It is reported that the exhibition of communications has asked the Nasdaq to stop its ads stock trading and submitted to the SEC application for delisting. According to the merger agreement passed by the previous exhibition of communications at its shareholders ' meeting, the common shares issued by the exhibition will be completely written off; As a bid, each share of common stock can receive $10.33 in cash, with $31 in cash per copy of ads (equivalent to 3 common shares).

July 12 This year, the joint announcement of the Tsinghua Violet and exhibition communications, the two sides have reached a merger agreement, Violet will be in cash to acquire the full circulation of communications, the acquisition of the total price of about 1.78 billion U.S. dollars. The merger was financed by the China Import and export bank and the National Development Bank. After the deal is completed, the communications will become a wholly owned subsidiary of the Tsinghua Violet, whose shares will be returned to the Nasdaq.

As a well-known mobile phone chip developers, the exhibition of Communications in June 2007 on the Nasdaq listing, the price of 14 U.S. dollars, and as of Monday, the U.S. stock market close, the company's communications prices of 30.93 U.S. dollars.