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Lite-On Technology Corp's Subsidiary to Acquire Shares of LITE-ON IT Corporation


Wednesday, 30 Jan 2013 06:06am EST 

Lite-On Technology Corp announced that its subsidiary, a Taipei-based company, plans to acquire 532,886,485 shares of LITE-ON IT Corporation at NTD 32.75 per shares in open market from January 31, 2013 to March 15, 2013. The subsidiary expects to acquire at least 81,542,619 shares of the target company, which represent 8.85% of its total shares. The Company originally holds a 42.32% stake in the target company, and its holdings will increase to 51.00% to 100% after the public acquisition. 

Company Quote

47.2
-0.05 -0.11%
19 Sep 2014