(Reuters) – Taiwan’s technology company Yageo Corp said on Monday it would acquire rival electronic component maker Kemet Corp in a deal valued at $1.8 billion to expand its global footprint.
Yageo will offer $27.20 per Kemet share, representing an 18% premium to Monday’s closing share price.
Reporting by Dominic Roshan K.L. in Bengaluru
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source: reuters.com