prime-view-raises-165-million-from-upsized-gdr

Prime View raises $165 million from upsized GDR

The Taiwan company raises capital to pay for its acquisition of E Ink, which will create a single listed entity dedicated to ePaper.

Prime View International, the world's leading manufacturer of electronic paper ePaper display modules, has raised NT$5.32 billion $165 million from the sale of global depositary receipts. The money will help fund its $215 million acquisition of US-based E Ink Corporation, which was announced in June and is scheduled to be completed before the end of this year.

Taiwan-based PVI has had a partnership with E Ink, a leader within electrophoretic ink technology, since 2005 to provide displays for electronic books. Together the two companies support nearly 20 eBook manufacturers worldwide, making them the undisputed leaders in this industry. Their products include the popular Sony Reader and Amazon's Kindle 2 and Kindle DX...

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