Reuters: Technology News: Chipmaker RDA Microelectronics gets $15.50/ADS buyout offer

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Chipmaker RDA Microelectronics gets $15.50/ADS buyout offer Sep 27th 2013, 12:42 Fri Sep 27, 2013 8:42am EDT (Reuters) - RDA Microelectronics Inc said China's state-owned Shanghai Pudong Science and Technology Investment Co Ltd offered to buy shares of the company it does not already own at $15.50 per American depositary share, valuing the radio frequency chipmaker at about $750 million. The offer represents a premium of 11.7 percent to RDA Microelectronics' Thursday close of $13.88. The Shanghai-based chipmaker said its board of directors was reviewing the proposal. Shanghai Pudong is owned by the Pudong New Area government of Shanghai.

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