Save. Share. Connect.
Thursday, April 26, 2018
VOLUME -23 NUMBER 8
Publication Date: 08/1/2008
Front Page News
People in the News
Electronic Mfg. Services
Electronic Mfg. Products
Special Feature: Test and Measurement
Product Preview: ATExpo/IPC-MW
August 2008 Issue
Add Message Board
Diodes Inc. Acquires Zetex plc
Dallas, TX — Diodes Incorporated (NASDAQ:DIOD) has completed its acquisition of Zetex plc (LSE: ZTX) in an all cash deal. The transaction will close under the previously released terms by which each Zetex shareholder will receive 85.45 pence in cash per Zetex ordinary share, valuing the fully diluted share capital of Zetex at approximately $176 million USD (based on a US$:GBP£ exchange rate of 1.9778).
The acquisition offers several potential revenue, operating and cost synergies: combined 2007 revenue of $528 million; expected to be accretive to GAAP earnings per share within 12 months; strengthens Diodes' product portfolio by expanding into the industrial and automotive markets; creates significant cross-selling opportunities within the customer base and increases the geographic footprint; complementary wafer processing and packaging technologies, resulting in expanded capabilities and capacity.
Contact: Diodes Inc., 3050 E. Hillcrest Westlake Village, CA 91362-3177
805-371-4447 fax: 805-381-3838 Web:
© 2015 USTECH. All Rights Reserved. |
Contact Us: 610-783-6100 | email@example.com
powered by GIM