Weir to acquire 30% stake in Synaptics TDDI business for $54.4 million

Weir Co., Ltd. announced that its subsidiary Hong Kong Weir will acquire the 30% stake in the TDDI business (from Synaptics) held by Fengquan Huachuang for $54.4 million, increasing its ownership to 100%.

“Weir shares is now proposed to be acquired by Hong Kong Weir in cash for 30 per cent of the underlying company held by Fengquan Huachuang, the acquisition price has been confirmed by mutual agreement at US $54.4 million.”news.metal.com

• 1 source
• news.metal.comWeir intends to acquire 30 per cent stake in Synaptics TDDI business for $54.4 million - Shanghai Metals Market (SMM)Love set microJul 6, 2021

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