Deals
MediaTek to Acquire Ralink in NT$18.2 Billion Share Swap
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MediaTek Inc., Taiwan’s biggest chip designer, said it will buy all of Ralink Technology Corp. in a share swap valued at NT$18.2 billion ($616 million).
Ralink shareholders will get one Mediatek stock per 3.15 Ralink shares they currently hold in an acquisition to be completed by Oct. 1, the Hsinchu, Taiwan-based chip designer said in a statement today. The ratio values Ralink stock at NT$104.29 each, a 6 percent premium to the average closing price over the past 30 days, according to Bloomberg calculations.