Magnachip and Wise Road Capital terminate merger agreement

Magnachip Semiconductor and Wise Road Capital mutually terminated their merger agreement after failing to obtain CFIUS approval. Wise Road will pay a $70.2 million termination fee.

“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.”magnachip.com

• 1 source
• magnachip.comMagnachip and Wise Road Capital Announce Withdrawal of CFIUS Filing and Mutual Termination of Merger Agreement - Magnachip SemiconductorMagnachipDec 14, 2021

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