taiwans-liteon-makes-finnish-acquisition

Taiwan's Lite-On makes Finnish acquisition

Lite-On Technology is to takeover Perlos Corporation, the world's largest supplier of mobile phone casings, valuing the business at $578 million.
Lite-On Technology, a Taiwan-headquartered manufacturer of computer peripheral equipment, will acquire Perlos, a supplier of handset casings, listed on the Nordic Exchange, for a firm value of Ç423 million $578 million.

Lite-On will make a tender offer via a Finland-incorporated wholly owned subsidiary to acquire all of the outstanding shares of Perlos. Lite-On has tied up 29.14% of the shares via an agreement with Oy G.W. Sohlberg Ab GWS. The remaining 71% of shares are quite widely dispersed, with retail shareholders holding around 45%. The board of directors of Perlos is recommending shareholders tender their shares. Lite-On intends to delist Perlos.

The tender offer will be launched at a price of Ç5.20 per...
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