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Business deals

Apple supplier Murata of Japan to buy U.S. 5G developer Resonant

$300m deal eyes mass production of high-precision mobile components

Murata, which owns 4% of Resonant, plans to complete its purchase of the Texas-based company's remaining shares in March.  

TOKYO -- Japanese technology group Murata Manufacturing has struck an agreement to purchase Resonant, a U.S. designer of a key 5G component, in an all-cash deal worth approximately $300 million.

Murata, which owns 4% of Resonant, will buy the remainder through a tender offer at $4.50 per share. The purchase is due for completion in late March, when Nasdaq-listed Resonant will become a wholly-owned subsidiary, the company said Tuesday.

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