Tessera Pays $1M for 90-Day Option to Acquire 51% of RT LTA Systems
Tessera's $1 million payment is refundable if the option is not exercised and creditable if it is. The deal values RT LTA Systems at up to $13 million.
Tessera paid $1M for a 90-day option to acquire 51% of RT LTA Systems. The option values RT at up to $13M. The payment is refundable if Tessera does not exercise the option and will be credited if it does. Material Details