WPG Buys 17% Stake in Rival Distributor WT Micro

Electronics component distributor WPG Holdings Co. purchased a 16.98 percent stake in rival WT Microelectronics Co. Ltd. for about $153.26 million, falling short of the 30 percent stake it aimed for last year. WPG’s board of directors last year approved the proposed acquisition of 177.11 million WT shares by a Jan. 30 deadline for NT$45.8 per share, but the company+