Some RDA Microelectronics, Inc.
I initiated a position in RDA Microelectronics, Inc. (Ticker: RDA) today by selling the June 2014 $17.50 Puts for $0.30. Tsinghua Unigroup is acquiring the company for $18.45 ($18.50 - $0.05 ADR fee = $18.45) in cash. RDA Microelectronics shareholders approved the merger on 12/27 and all that remains are the PRC regulatory approvals. I anticipate this deal closing in Q2, 2014. Tsinghua Unigroup just closed its acquisition of Spreadtrum Communications so they are good with the cash.