On December 21, 2016, InvenSense, Inc., a Delaware corporation entered into a merger agreement with TDK Corporation, a company organized under the laws of Japan, and its wholly owned subsidiary, TDK Sensor Solutions Corporation, a Delaware corporation, whereby InvenSense will merge into TDK Sensor Solutions and become a wholly-owned subsidiary of TDK Corporation for a total acquisition price of US$1.3 billion.  (See InvenSense, Form 8-K, Dec. 21, 2016, SEC Filing; Joint Press Release,Form 8-K, Ex-99.2, Dec. 21, 2016, SEC Filing.)   Committee on Foreign Investment in the United States (CFIUS) approval is a condition precedent to the merger.  (SeeAgreement and Plan of Merger, Section 9.01(d), InvenSense, Form 8-K, Ex-2.1, Dec. 21, 2016, SEC Filing.)

InvenSense is a provider of motion sensor solutions, and TDK Corporation is a major electronics company.  (See Joint Press Release, Form 8-K, Ex-99.2, Dec. 21, 2016, SEC Filing.)  “The acquisition will enable TDK to combine InvenSense’s advanced suite of sensor and software platforms with its wide-ranging portfolio of magnetic, pressure, temperature, and microphone sensors.” (Id.)

Status:  Upcoming Filing/New

Acquirer:  TDK Corporation (Japan)

Acquired:  InvenSense, Inc. (U.S.)

Value:  Approx. US$1.3 billion

Industry:  Information Technology