You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Mass. Movers

MEMSIC sale price is a 56% premium

MEMSIC’s products include accelerometers, such as for automakers, and electronic compass solutions.

Associated Press

MEMSIC’s products include accelerometers, such as for automakers, and electronic compass solutions.

Continue reading below

MEMSIC Inc. said it has agreed to be acquired by IDG-Accel China Capital II LP and two affiliates for $4.225 per share in cash. According to a press release, affiliates of IDG currently hold about 19.5 percent of the Andover company’s outstanding common stock. IDG and its affiliates will acquire all outstanding shares for approximately $88.5 million. The per-share price represents a premium of 56 percent over the company’s closing share price on Monday.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week