SAN JOSE, Calif. - Memsic Inc. (Andover, Mass.), a manufacturer of MEMS sensor components, has announced it has agreed to be acquired by IDG-Accel China Capital II LP and its affliates MZ
nvestment Holdings Ltd. and MZ Investment Holdings Merger Sub Ltd. for $4.225 per share in cash.
Affiliates of IDG
currently hold approximately 19.5 percent of the companyís outstanding common
stock. IDG and its affiliates will acquire all the outstanding shares of
common stock of Memsic that are not currently owned by them, including
shares underlying outstanding in-the-money equity awards, for
approximately $88.5 million.