MergerLinks Header Logo

Announced

Wise Road Capital and Magnachip terminated the $1.4bn deal.

Synopsis

Wise Road Capital, a private equity firm, and Magnachip Semiconductor, the South Korean display and power solutions provider, terminated the $1.4bn deal. "While we are disappointed by the termination of our merger agreement, we are confident that Magnachip remains well positioned to create value for our shareholders as an independent public company. This outcome does not impact the sound long term fundamentals of our business and our ability to accelerate our MX 3.0 strategy. I would like to thank our customers for their ongoing trust and Magnachip's employees for their commitment to delivering industry-leading products," YJ Kim, Magnachip CEO.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US