KKR and partner announce bid for Yageo
KKR Asia has teamed up with, Pierre Chen, chairman of Taiwan’s Yageo Corporation to launch takeover bid that will see Chen’s electronic-components manufacturer privatized. The deal values the target at $1.6 billion. The transaction will be conducted by Orion Investment Co., Ltd., a Taiwanese company owned by KKR and Chen.
The offer price represents a premium of approximately 14% over the last closing price of Yageo shares on the Taiwan Stock Exchange, and is equal to the highest closing price the e stock has reached since...
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