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.
