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TLi Inc &
LG Display Co Ltd
Update Date: 06/02/08
Date Announced: 05/13/08
Value (million $USD): 13.4 million U.S. Dollar
14.07 billion Korean Won
Status: Pending
TRANSACTION DETAILS
Date Announced05/13/08
Date Originally Announced05/13/08
FormatAcq. Part. Int.Acquisition techniquesPrivately Negotiated Purc
AttitudeFriendlyAgencyn/a
Value13.4 million U.S. Dollar
14.07 billion Korean Won
Advisor Feesn/a
SYNOPSIS
SOUTH KOREA - LG Display Co Ltd planned to acquire a 13% stake, or 1.009 mil new ordinary shares, in TLi Inc, a semiconductors manufacturer and wholesaler, for 14.074 bil Korean won ($13.413 mil US), in a privately negotiated transaction.
TARGET
NameTLi Inc (Korea OTC : 062860)
IndustriesElectronic components, nec
CitySeongnam City,Kyeonggi-Do
Staten/a
NationSouth Korea
Incorporated inn/a
Public StatusPublic
Business DescriptionTLi Inc is a semiconductors manufacturer and wholesaler headquartered in Kyeonggi-Do, South Korea. The company offers components for flat panel displays. It was founded in October 1998.
AdvisorsNULL
Target Sales61.6 million U.S. Dollar
57.05 billion Korean Won
ACQUIROR
NameLG Display Co Ltd (LPL)
Industriesn/a
CitySeoul
Staten/a
NationSouth Korea
Incorporated inn/a
Public StatusPublic
Business DescriptionLG Display Co Ltd, headquartered in Seoul, South Korea, develops, manufactures and markets Thin Film Transistor (TFT) based Liquid Crystal Display (LCD) panels used in televisions, monitors, computer notebooks, personal digital assistants, and mobile applications, primarily offering visual display components to electronics and technology industries. Founded in February 1985, the company has operating facilities in Paju, Anyang, Gumi, and Najing, South Korea and Wroclaw, Poland.
AdvisorsNULL
Acquiror Sales11.59 billion U.S. Dollar
10,624.20 billion Korean Won
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