InvenSense Acquired by TDK for $1.3 Billion

Rumors had been circulating for the past month that InvenSense (NYSE: INVN) was discussing the possibility of a buy out with Japan-based electronic components leader TDK (NASDAQOTH: TTDKY). Turns out, the rumors were true. InvenSense announced Wednesday that its board of directors had unanimously agreed to sell the company to TDK for $19 a share in an all-cash transaction, equal to a total value of $1.3 billion. …read more

Read more here: InvenSense Acquired by TDK for $1.3 Billion

Category: INVN, TTDKY

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