MEMSIC Inc. (MEMS) announced after the bell Tuesday that it received an unsolicited, non-binding proposal from IDG-Accel China Growth Fund II L.P. to acquire all outstanding shares of common stock of MEMSIC not currently owned by IDG or its affiliates for $4.00 per share in cash.
MEMSIC gapped open sharply higher Wednesday, but moved in a narrow range throughout the session. The stock closed up by 1.25 at $2.99 on the highest volume in 3 months. MEMSIC leaped to a 6-month high and re-crossed its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.