Yageo take-private deal values firm at $1.6 billion

Yageo founder Pierre Chen and KKR launch a deal to delist the Taiwanese electronic component maker, citing the need for greater financial flexibility.

Yageo take-private deal values firm at $1.6 billion
Yageo's manufacturing base in Kaohsiung, Taiwan

Yageo founder Pierre Chen, backed by private equity firm Kohlberg Kravis Roberts KKR, yesterday launched an offer to take Yageo private at a price that values the company at NT$47 billion $1.6 billion.

Orion Investment Company, the vehicle created to undertake the deal, is offering NT$16.10 per share for all Yageo’s outstanding minority shares. Orion is owned jointly by Chen, who founded Yageo and is currently chairman and chief executive officer,...

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