News Article
MEMSIC to be Acquired
MEMSIC, Inc, a MEMS solution provider, has 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.
