‘CREAM OF THE CROP’:The acquisition of Kemet is the last piece of Yageo’s MLCC portfolios to break into automotive and industrial devices, Yageo’s chairman said
Taipei Times
Date: Nov 13, 2019
By: Lisa Wang / Staff reporter
ageo Corp (國巨) yesterday said its US$1.64 billion acquisition of Kemet Corp would help it break into
Yageo Corp chairman Pierre Chen, right, speaks at a news conference in Taipei yesterday following the company’s conference call, as chief operating officer David Wang looks on.
Photo: Tu Chien-jung, Taipei Times
The deal is expected to boost the company’s net profit by at least 80 percent and double its revenue to about US$3 billion when it is completed in the second half of next year, the world’s third-largest supplier of multilayer ceramic capacitors (MLCC) told a media briefing in Taipei.
It announced earlier in the day that it would acquire all of Kemet’s common shares at US$27.2 per share in an all-cash transaction.
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