Actions Semiconductor Co Ltd :
* Actions Semiconductor enters into definitive merger agreement for going private transaction
* Each of co’s ordinary shares will be cancelled in exchange for right to receive US$0.366 in cash without interest
* Buyer consortium intends to fund merger through available cash of company and its subsidiaries
* Each American depositary share will be cancelled in exchange for right to receive US$2.20 in cash without interest
* Company’s board approved merger agreement
* Will be acquired by a consortium of investors including Supernova Investment Ltd and other certain shareholders of company
* Rollover shareholders have agreed to vote all shares and adds beneficially owned by them in favor of deal Source text for Eikon: Further company coverage:
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