HK takeover sidesteps shareholder approval
Tom Young |
NEWS ANALYSIS - February 04, 2010
Mitsui and China Electronics Corporation (CEC) have conducted an innovative takeover of TPV Technology in Hong Kong. The deal used both a private investment in public equity (Pipe) and a block trade – removing the need for shareholder approval.
Mitsui's proposed 10% Pipe in TPV, the world’s largest contract LCD manufacturer, came as TPV’s existing shareholder, CEC, completed a...
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