China’s Montage Technology to buy Pericom in $430 million deal


(Reuters) – China’s analog chip maker Montage Technology Group Ltd said it has offered to buy Pericom Semiconductor Corp in a deal valued at about $430 million, trumping an offer from Diodes Inc earlier this month. Montage’s all-cash offer of $18.50 per share is at a premium of 9.5 percent to Pericom’s Tuesday close of $16.90. Pericom shares jumped 7.3 percent to $18.14 in premarket trading on Wednesday.

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