By Jin Xiong, Yinli Zhang King & Wood Mallesons’ M&A Group
On 19 July 2014, state-owned enterprise Tsinghua Unigroup Ltd. (“Tsinghua Unigroup“) and RDA Microelectronics, Inc. (“RDA”) jointly announced the completion of the US$907 million merger and acquisition of RDA (“Merger”). The announcement noted that the Merger was completed according to the Agreement and Plan of Merger previously announced on 11 November 2013 and amended on 20 December 2013 (“Merger Agreement”). The Merger Agreement contemplated that the Merger was to be executed through Tsinghua Unigroup’s overseas subsidiary company, and when the Merger is completed, RDA would launch into its delisting procedures.
Continue Reading Tsinghua Unigroup and RDA deal closed, but controversy far from over