Shares of integrated circuits and solutions provider O2Micro (NASDAQ:OIIM) are rising today after the company agreed to go private under a merger agreement with FNOF Precious Honour Ltd.
Rim Peak, a subsidiary of FNOF, will merge with OIIM with the latter being the survivor and in turn becoming a wholly owned subsidiary of FNOF. The equity value of the transaction is pegged at $145.9 million.
The transaction is anticipated to close in Q1 2023, subject to closing conditions.
Is OIIM a Good Stock to Buy?
O2Micro stock will cease to trade once the merger is consummated. Nonetheless, the company’s current market capitalization stands at $94.75 million and the equity value of $145.9 million indicates OIIM stock could continue to stay higher in the meantime.
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