Wise Road Capital to acquire Magnachip Semiconductor for $1.4 billion

Magnachip Semiconductor entered into a definitive agreement to be acquired by investment vehicles of Wise Road Capital for $29.00 per share in cash, valuing the company at approximately $1.4 billion. The transaction is expected to close with Magnachip remaining based in South Korea.

“This transaction is in the best interests of all of our stakeholders, including shareholders, customers and employees.”magnachip.com

• 2 sources
• magnachip.comMagnachip Enters into Definitive Agreement with Wise Road Capital in a Take Private Transaction Valued at $1.4 Billion - Magnachip SemiconductorMagnachipMar 29, 2021
• eepower.comMagnachip Reaches Buyout Agreement with Chinese Private Equity Fund for $1.4B - NewsShannon CuthrellApr 7, 2021

Summarized from public sources; check the original articles before acting on it.