To be acquired by Murata Electronics at $12.50/share
Murata Electronics North America, Inc., a wholly- owned subsidiary of Murata Manufacturing Co., Ltd., (TSE 6981) and Peregrine Semiconductor Corporation, founder of RF silicon on insulator (SOI) and pioneer of advanced RF solutions, today announce that Murata has acquired all outstanding shares of Peregrine. The cash transaction paid the holders of Peregrine common shares $12.50 per share.
Peregrine (formerly NASDAQ: PSMI) will continue to market its high-performance, integrated RF solutions under the Peregrine brand, as a wholly-owned subsidiary of Murata Electronics North America, Inc. Peregrine solutions leverage the UltraCMOStechnology platform, a patented, advanced form of silicon-on-insulator (SOI) that delivers the monolithic integration and superior performance necessary to solve the worlds toughest RF challenges. Peregrine will continue to offer its integrated RF solutions to markets such as communications (mobile, wireless infrastructure, land mobile radio, broadband and wireless), industrial (test and measurement, automotive, Internet of Things) and aerospace. With the close of this acquisition, Murata gains Peregrines strong intellectual property portfolio, which contains over 180 filed and pending patents.