MEMSIC to be Acquired by IDG-Accel China Capital II, L.P. and Affiliates

April 23, 2013

Andover, MA – April 23, 2013 – MEMSIC, Inc . (NasdaqGM: MEMS), a leading MEMS solution provider, today announced that it has agreed to be acquired by IDG-Accel China Capital II, L.P. and its affiliates MZ nvestment Holdings Limited and MZ Investment Holdings Merger Sub Limited (collectively, “IDG”), for $4.225 per share in cash. Affiliates of IDG currently hold approximately 19.5% of the company’s outstanding common stock. IDG and its affiliates will acquire all the outstanding shares of common stock of MEMSIC that are not currently owned by them, including shares underlying outstanding in-the-money equity awards, for approximately $88.5 million.

Click here for full Form 8-K and Press Release

Back to list

News Index

Memsic news
Memsic news