09
May
11:21
Walsin Lihwa to acquire UK's Special Melted Products
Taiwan’s Walsin Lihwa Corporation said that its board of directors had decided to acquire UK-based Special Melted Products (SMP) in an all-cash transaction for a value of around £144 million ($182m), Kallanish notes.
Walsin plans to carry out the plan through its Italian subsidiary Cogne Acciai Speciali S.p.A., and thus control 70% equity of SMP indirectly. The deal is expected to be completed in the third quarter, and then contribute profits to Walsin…
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