Hedge fund Pleasant Lake Partners said it offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea-based company at $345.7 million.

Pleasant Lake’s offer of $10 per share is at premium of 29.2 percent to MagnaChip’s Friday closing price.

Pleasant Lake already owns 9.9 percent of MagnaChip.



(Reporting by Kshitiz Goliya in Bengaluru; Editing by Don Sebastian)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲