MagnaChip Semiconductor Corp

NYSE:MX  
22.79
-0.37 (-1.60%)
4:00:00 PM EDT: $22.70 -0.09 (-0.40%)
Debt Financing / Related, Mergers / Acquisitions

Magnachip Enters Into Definitive Agreement With Wise Road Capital In A Take Private Transaction Valued At $1.4 Bln

Published: 03/26/2021 12:36 GMT
MagnaChip Semiconductor Corp (MX) - Magnachip Enters Into Definitive Agreement With Wise Road Capital in a Take Private Transaction Valued at $1.4 Billion.
Magnachip Semiconductor Corp - Magnachip Shareholders to Receive $29.00 in Cash per Share.
Magnachip Semiconductor Corp - Transaction is Fully Backed by Equity Commitments and Not Contingent on Any Financing Conditions.
Magnachip Semiconductor - Following Closing of Transaction, Co's Management Team and Employees Are Expected to Continue in Their Roles.
Magnachip Semiconductor - Following Closing of Transaction Co Will Remain Based in Cheongju, Seoul and Gumi, South Korea.