Resonant Inc. to be Acquired by Murata
Feb 15, 2022 By MarketDepth
Resonant Inc. (NASDAQ: RESN) announced today that Murata Electronics North America, Inc., a wholly-owned subsidiary of Murata Manufacturing Co., Ltd., will acquire all outstanding shares of Resonant not owned by Murata for $4.50 per share in cash.
Up Over 250%
Shares of Resonant Inc. (NASDAQ: RESN) surged over 256.9% in premarket trading.
“This acquisition will combine Murata’s world-leading mobile RF product capabilities with Resonant’s best-in-class XBAR filter solutions and world-class team of talented engineers.”Norio Nakajima, President of Murata
Resonant, a leader in transforming the way radio frequency (RF) front-ends are being designed and delivered for mobile handset and wireless devices, will now become a wholly-owned subsidiary of Murata and continue with its innovative development.
“As part of the Murata team, we are looking forward to accelerating the integration of our XBAR technology into the Murata RF roadmap and delivering solutions with optimum RF performance. We have tremendous respect for Murata and look forward to accomplishing great things together.”George B. Holmes, Chairman and CEO of Resonant