OIIM - O2Micro receives prelim non-binding acquisition proposal

O2Micro International (NASDAQ:OIIM) received a preliminary non-binding proposal letter dated Mar. 14 from FNOF Precious Honour to acquire all outstanding shares OIIM for a purchase price of $5.50 per ADS, or $0.11 per ordinary share, in cash. OIIM formed a special committee consisting solely of independent directors Lawrence Lin and Ji Liu to evaluate and consider the proposal. OIIM has not made any decisions with respect to the proposal. There can be no assurance that FNOF will make any definitive offer to OIIM or that any definitive agreement relating to the proposal will be entered into.

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O2Micro receives prelim non-binding acquisition proposal