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PDSTI completes $693 million acquisition of Montage Technology

( November 20, 2014, 03:20 GMT | Official Statement) -- MLex Summary: Semiconductor solutions provider Montage Technology said Wednesday that the $693 million acquisition of the company by Shanghai Pudong Science and Technology Investment (PDSTI) has been completed. The acquisition was made through an entity jointly formed by PDSTI and China Electronics Investment, Shanghai-based Montage Technology said in a statement. Apart from shareholder approval, all of the conditions for the completion of the transaction have been satisfied or waived, the statement said.PDSTI Completes Acquisition of Montage...

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