Home > News > Angbao moves towards privatization, sells NT $ 12.88 billion to private equity funds

Angbao moves towards privatization, sells NT $ 12.88 billion to private equity funds

According to the Economic Daily, the power management IC factory Angbao held a board of directors on the 8th and resolved to adopt an anti-triangular merger with Orthosie Investment Holdings (the acquirer) and the acquirer's 100% -owned subsidiary Euporie Investment Holdings, and the purchaser paid the cash consideration. To all shareholders of Angbao in order to acquire 100% of Angbao's shares, that is, Angbao went to privatization.

The case was initiated by three international private equity funds led by MagiCapital. The transaction value of the acquisition was about NT $ 12.88 billion, but the outside world believed that the premium was only 5%, which was too low. Ang Bao explained that this is a reasonable consideration based on the average share price of the company in the past one to three months after the audit committee. If the average price in the past month is used, the negotiated price is 26.5%, and the average price in three months is about a premium. 19%.

Ang Po will apply to the securities counter trading center to terminate the over-the-counter trading after the temporary shareholders' meeting has passed the case, and apply to the Financial Supervision and Administration Commission to stop the public offering at an appropriate time.