MagnaChip Semiconductor Corp

NYSE:MX   3:59:56 PM EDT
-0.17 (-0.91%)
Mergers / Acquisitions

Magnachip And Wise Road Capital Announce Withdrawal Of CFIUS Filing And Mutual Termination Of Merger Agreement

Published: 12/13/2021 22:36 GMT
MagnaChip Semiconductor Corp (MX) - Magnachip and Wise Road Capital Announce Withdrawal of Cfius Filing and Mutual Termination of Merger Agreement.
Magnachip Semiconductor Corp - Adopts Limited-duration Shareholder Rights Plan.
Magnachip Semiconductor Corp - in Connection With Termination of Merger Agreement, South Dearborn Will Pay Company a Termination Fee of $70.2 Million.
Magnachip Semiconductor - Intends to Have Magnachip Semiconductor, Ltd, Korean Operating Subsidiary of Co, Withdraw Its Application Concerning Merger.
Magnachip Semiconductor Corp - Rights Plan is Effective Immediately and Will Expire on December 12, 2022.
Magnachip Semiconductor - in Light of Termination, Will Be Holding a 2022 Annual Meeting, Details of Which Will Be Provided As Soon As Practicable.
Magnachip Semiconductor Corp - Termination of Merger Agreement Resulted From Inability of Parties, to Obtain Cfius's Approval for Merger.