Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 27 through Sunday September 29, 2013 Shanghai Pudong Science and Technology Investment Co Proposes to Acquire RDA Microelectronics for $15.50/ADS in Cash The Offer:
RDA Microelectronics RDA announced Friday that its Board of Directors received an unsolicited, preliminary non-binding proposal letter dated September 27, 2013 from Shanghai Pudong Science and Technology Investment Co. to acquire all of the outstanding American Depositary Shares of the Company for $15.50 in cash per ADS. RDA's Board of Directors is reviewing PDSTI's proposal. RDA Microelectronics closed at $15.54 Friday, a gain of 12% on 9 times average volume. Toray Industries to Acquire Zoltek in Takeunder for $16.75/Share in Cash The Deal:
Zoltek Companies ZOLT announced Friday that it has entered into a merger agreement with Toray Industries, under which, Toray will acquire all of Zoltek`s outstanding shares for $16.75 per share in cash, or approximately $584 million. The deal is expected to close in late 2013 or early 2014. Zoltek shares had closed at $18.51 on Thursday. Multiple lawsuits are being filed. Zoltek closed at $16.70 Friday, a loss of almost 10%.