Mobix Labs (MOBX) said Monday it has submitted a non-binding cash offer to acquire Emcore (EMKR) shares for $3.80 per share.
The company said the acquisition represents a more than 200% premium over Emcore's Sept. 27 stock closing price.
Mobix Labs' board of directors has already approved the offer, which is subject to the approval of Emcore's board and shareholders.
Price: 0.9025, Change: -0.14, Percent Change: -13.22
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