Taiwan's Innolux to acquire small-display maker

TAIPEI Oct 5 (Reuters) - Taiwan's Innolux Display Corp (3481.TW), the world's No.2 LCD monitor maker, said on Monday it would acquire small-display maker TPO Displays Corp 3195.TWO via a share swap valued at about T$20 billion ($619 million).

Under the deal, one Innolux share would be exchanged for eight shares of TPO, formerly known as Toppoly before it took over Philips Mobile Display Systems.

Shares of Innolux, which also makes displays, closed up 0.86 percent on Monday, outpacing the main TAIEX's .TWII 0.35 percent gain. TPO shares lost 1.67 percent. (US$1=T$32.3) (Reporting by Faith Hung, Editing by Jonathan Hopfner)