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 Announced | 05/13/08 | | |
| Date Originally Announced | 05/13/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Friendly | Agency | n/a |
| Value | 13.4 million U.S. Dollar 14.07 billion Korean Won | Advisor Fees | n/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 |
| Name | TLi Inc (Korea OTC : 062860) |
| Industries | Electronic components, nec |
| City | Seongnam City,Kyeonggi-Do |
| State | n/a |
| Nation | South Korea |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | TLi 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. |
| Advisors | NULL |
| Target Sales | 61.6 million U.S. Dollar 57.05 billion Korean Won |
|
| ACQUIROR |
| Name | LG Display Co Ltd (LPL) |
| Industries | n/a |
| City | Seoul |
| State | n/a |
| Nation | South Korea |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | LG 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. |
| Advisors | NULL |
| Acquiror Sales | 11.59 billion U.S. Dollar 10,624.20 billion Korean Won |
|

|
|