March 24, 2017 / 11:15 AM / 5 months ago

BRIEF-Akoustis to acquire 120,000 sq. ft. Wafer Manufacturing Facility

March 24 (Reuters) - Akoustis Technologies Inc:

* Akoustis Technologies Inc- under terms of agreements, Akoustis will pay $2.75 million in cash at closing to RF-Suny and FRMC

* Akoustis signs definitive agreement to acquire 120,000 sq. ft. Wafer manufacturing facility and operation to internalize production of its patented, single Crystal Baw RF filters

* Akoustis Technologies Inc- transaction is expected to be completed in Q2 of calendar year 2017 Source text for Eikon: Further company coverage:

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