$MFLX today's scanner Buyout #NEWS #PreMarketGainers @ $23.00 UP 40%

Chinese manufacturing conglomerate Suzhou Dongshan Precision Manufacturing Co. agreed to buy Multi-Fineline Electronix Inc. for $610 million.

$MFLX #NEWS: on buyout #NEWS China’s Suzhou Dongshan Precision to Buy Multi-Fineline For $610 Milliontoday's scanner #PreMarketGainers @ $23.00 UP 40% technically Support @ $20.00

China's Suzhou Dongshan Precision to Buy Multi-Fineline For $610 Million

Chinese manufacturing conglomerate Suzhou Dongshan Precision Manufacturing Co. agreed to buy Multi-Fineline Electronix Inc. for $610 million. Under the deal's terms, Suzhou Dongshan Precision Manufacturing would pay $23.95 a share, a 46% premium over Thursday's closing price of $16.43. Shares of Multi-Fineline, down 13% over the past three months, jumped 42% to $23.30 in after-hours trading.