November 11, 2019 / 11:22 PM / a month ago

Taiwan's tech firm Yageo to buy rival Kemet in $1.8 billion deal

Nov 11 (Reuters) - Taiwan's technology company Yageo Corp said on Monday it would acquire rival electronic component maker Kemet Corp in a deal valued at $1.8 billion to expand its global footprint.

Yageo will offer $27.20 per Kemet share, representing an 18% premium to Monday's closing share price.

Reporting by Dominic Roshan K.L. in Bengaluru

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