DLA Piper represented Multi-Fineline Electronix, Inc. (MFLEX), a leading global provider of high-quality, technologically advanced flexible printed circuits and assemblies, in its sale to Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ). The transaction has been unanimously approved by the both companies’ boards of directors.

DSBJ, headquartered in Suzhou, China, is one of the largest suppliers of precision sheet metal components. MFLEX stockholders will receive $23.95 in cash for each share of common stock held at the close of the transaction, expected in the third quarter of 2016. The deal has a total value of $610 million.

MFLEX will maintain its headquarters in Irvine, California, and operate as an independent business unit of DSBJ once the transaction is finalized. MFLEX Chief Executive Officer Reza Meshgin and other senior managers are expected to remain with the company in their same capacities.

The transaction is subject to approval by stockholders from both companies, regulatory approvals, including antitrust review in the US and China, review and clearance by the US Committee on Foreign Investment and other customary closing conditions.

The DLA Piper team was led by Steven D. Pidgeon, co-managing partner of the firm’s Phoenix office, and included partners Jeff Baglio (San Diego), Brian C. Wheeler (Silicon Valley), William H. Hoffman (Silicon Valley) and David Plewa (Silicon Valley), Jamie Knox (New York), Paul Lee (Hong Kong) and associate R. Jared Jensen (Phoenix).