Lite-On Semiconductor Corporation

Diodes Incorporated updated the outside date for its acquisition of Lite-On Semiconductor from May 31, 2020 to December 31, 2020, to accommodate Chinese regulatory review. The company remains confident the transaction will close in the second half of 2020.

Diodes Incorporated provided an update on its acquisition of Lite-On Semiconductor, including a resolution by LSC to sell 16.5% of On-Bright Electronics to facilitate regulatory approval in China.

Consortium Orthosie Investment Holdings Ltd. is acquiring 100% of Shanghai-based On-Bright Electronics Inc. for NT$12.88 billion ($428 million), clearing the way for Diodes Inc. to acquire Lite-On Semiconductor Corp.

A consortium including Pavilion Capital and Axiom Asia Private Capital agreed to acquire an 83.5% stake in On-Bright Electronics from Lite-On Semiconductor and others for TWD 10.8 billion.

Diodes Incorporated announced that Lite-On Semiconductor Corporation held a Special Meeting of Shareholders on October 25, 2019, during which the proposed acquisition by Diodes was discussed. The press release was issued on October 28, 2019.

Diodes Incorporated has entered into an agreement to acquire Lite-On Semiconductor Corporation (LSC) in a cash-based share swap transaction valued at approximately $428 million. LSC is a Taiwan-based supplier of power-related discrete and analog semiconductor devices.