RDA Microelectronics Receives Shareholder Approval for Acquisition by Tsinghua Unigroup

RDA Microelectronics. RDA today announced the results of its extraordinary general meeting of shareholders held on December 27, 2013 in respect of the Company's pending acquisition by Tsinghua Unigroup. As previously announced on November 12, 2013 and December 20, 2013, RDA and Tsinghua Unigroup entered into a definitive merger agreement dated November 11, 2013, as amended (the "Merger Agreement"), pursuant to which the Company will become a majority-owned subsidiary of Tsinghua Unigroup and each American depositary share (representing six ordinary shares) will be converted into the right to receive US$18.50 in cash and each ordinary share will be converted into the right to receive US$3.083333 in cash. See full press release