Montage Board To Evaluate Strategic Alternatives, Including Sale - Quick Facts

(RTTNews) - Montage Technology Group Ltd. (MONT) announced that its Board of Directors plan to evaluate strategic alternatives, including a possible sale of the company, in order to increase shareholder value.

The Board has retained Stifel, Nicolaus & Co, Inc. as its financial advisor, and O'Melveny & Myers LLP as its legal counsel to assist it is the process.

The process will also include the continuing review and evaluation of the previously announced unsolicited preliminary non-binding proposal made by Shanghai Pudong Science and Technology Investment Co., Ltd. (PDSTI) to acquire the company for $21.50 per share in cash.

Montage is a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets.