TDK to buy InvenSense for $13 per share +7
8-K just filed in connection with the buyout specifies that
the transaction should occur by June 21, 2017. If it does not,
perhaps because InvenSense pursues a superior offer, InvenSense
will owe TDK $46.7M. That's more than half a quarter's revenue;
so it's a deterrent, but not completely prohibitive. Buyout
premiums can vary wildly, but I'm not personally willing to pursue
Japan's TDK says it will buy InvenSense for $13 per share. The transaction is expected to close in the August to October quarter of 2017. I commend InvenSense management for getting a good price, and wonder what will become of its software initiatives.