Murata To Buy Peregrine Semiconductor For $471 Mln - Quick Facts

(RTTNews) - Murata Electronics North America, Inc., a unit of Kyoto, Japan based Murata Manufacturing Co., Ltd. has agreed to buy all outstanding shares of Peregrine Semiconductor Corp. (PSMI) for $12.50 per share in cash or a total transaction value of $471 million. The acquisition is expected to enhance Murata's position as a world's leading provider of RF system solutions. "This acquisition will combine Murata's world-leading mobile RF module capabilities with Peregrine's best-in-class RF front-end products. Peregrine has a team of talented RF engineers," commented Norio Nakajima, executive vice president, director of Communication Business Unit of Murata. Through this acquisition, Murata will have access to advanced RF Front-end capabilities and the world's best Silicon on Insulator process technology, key areas for the growing integration of mobile technologies. The transaction is expected to close by the end of 2014 or early 2015.