SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Murata Manufacturing to buy U.S. electronic parts maker Peregrine

[August 23, 2014]

Murata Manufacturing to buy U.S. electronic parts maker Peregrine

(Japan Economic Newswire Via Acquire Media NewsEdge) Murata Manufacturing Co. said Saturday it will buy a U.S. maker of wireless device parts, Peregrine Semiconductor Corp., to strengthen its production of smartphone parts.

The Kyoto-based company, known for condensers and other parts for wireless communication devices, will buy all the shares it does not already own in the San Diego-based firm for $465 million (48.0 billion yen) by the end of this year.

Its offer, to be put to Peregrine's shareholders' meeting, values the U.S. company at $471 million.


Peregrine has been supplying parts to Murata including so-called radio frequency switches, which convert radio waves to digital signals, "a key strategic area for the mobile industry," Murata said in a statement.

(c) 2014 Kyodo News

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy