O2Micro (OIIM) Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

POTENTIAL DEAL DETAILS

Stock O2Micro International Limited Symbol OIIM
Date Announced 03/18/2022 Source Press Release
Type Unsolicited Bid Acquiring Company/Person FNOF Precious Honour Limited and Rim Peak Technology Limited
Date of Confirmation: 09/30/2022 Price at Confirmation: $4.15
Potential Profit: -4.38% Annualized Profit: -8.15%

O2Micro International Limited (OIIM), a global leader in the design, development, and marketing of high-performance integrated circuits and solutions, announced that its board of directors has received a preliminary non-binding proposal letter, dated March 14, 2022, from FNOF Precious Honour Limited, to acquire all of the outstanding shares of the Company for a purchase price of US$5.50 per ADS, or US$0.11 per ordinary share, in cash.

Update(s):

May 20, 2022: O2Micro International Limited (OIIM) announced that its board of directors has received an updated preliminary non-binding proposal letter, dated May 20, 2022, from FNOF Precious Honour Limited, Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company, to acquire all of the outstanding ordinary shares of the Company that are not already owned by the Consortium or otherwise rolled over, for a purchase price of US$5.50 per ADS in cash.

September 19, 2022: O2Micro International Limited (OIIM) announced that it has received a revised preliminary non-binding proposal letter, dated September 19, 2022, from FNOF Precious Honour Limited, Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Perry Kuo, the Chief Financial Officer and a director of the Company (collectively, the “Consortium”), to reduce the purchase price for acquiring all of the outstanding ordinary shares of the Company, each representing 50 shares of the Company that are not already owned by the Consortium or otherwise rolled over, to US$4.90 per ADS (or US$0.098 per ordinary share).

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