WPG Holdings Co.’s bid to acquire a 30 percent stake in rival distributor WT Microelectronics Co. is meeting resistance from WT Micro executives and workers. During a late November media briefing in Taiwan, WT Micro vowed to resist the takeover. WT Microelectronics will never relinquish control of the company’s operations but will safeguard the interests…
Consolidation in the electronics supply chain continued this week as global broadline distributor WPG Holdings Co. announced plans to acquire a 30 percent stake in rival WT Microelectronics Co. Ltd. for US$266.58 million. WT Micro conducts most of its business in Southeast Asia. The announcement came within a day of two key electronics suppliers –…
Yageo Corp.’s $1.8 billion acquisition of Kemet Corp. will unite two leading component makers into a $3 billion powerhouse in the interconnect, passives and electromechanical (IP&E) market. The move will expand both companies’ global footprint, market penetration and product portfolios. “Together with Yageo, we will have an enhanced global footprint and be better able to…
Yageo Corp. and Kemet Corp. today announced that they have entered into a definitive agreement under which Yageo will acquire all the outstanding shares of Kemet’s common stock for US$27.20 per share in an all-cash transaction valued at US $1.8 billion, including the assumption of net debt. The move will combine two powers in the…
Buyers probably won’t see a shakeup in the distribution channel as Infineon Technologies embarks on its $10 billion acquisition of Cypress Semiconductors. Both chip companies sell through global volume distributors Arrow Electronics Inc., Avnet Inc. and Future Electronics Inc. They also have Digi-Key, Mouser and Newark in common, small-volume (or “catalog”) distributors that cater to…
Irvine, Calif. – Infinite RF Holdings, Inc., an urgent needs supplier of engineering-grade radio frequency (RF), microwave and millimeter-wave components and cable assemblies through their Pasternack and Fairview Microwave branded lines, today announced the acquisition of L-com, Inc., a manufacturer of wired and wireless connectivity solutions with significant custom manufacturing capabilities. Headquartered in North Andover,…
Madison Heights, Mich. — Two industry leaders, Diversified Wire & Cable and Great Lakes Wire & Cable today announced they have entered into a definitive merger agreement to create GLD Group, Inc., a premier, one-stop resource for networking and cabling communications products and services. “This strategic merger allows us to offer customers greater value through a…
DuPont (NYSE:DD) and The Dow Chemical Company (NYSE:DOW) today announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined company will be named DowDuPont. The parties intend to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies…
Pericom Semiconductor Corporation (“Pericom” or the “Company”) (NASDAQ: PSEM) announced today that, based on a preliminary count of the votes cast at the Company’s Special Meeting of Shareholders held this morning, Pericom shareholders have approved the previously announced Agreement and Plan of Merger between Diodes Incorporated (“Diodes”) (NASDAQ: DIOD) and Pericom (the “Agreement”). Based on…
ON Semiconductor Corporation (Nasdaq: ON) (“ON Semiconductor”) and Fairchild Semiconductor International Inc. (Nasdaq: FCS) (“Fairchild”) today announced that they have entered into a definitive agreement for ON Semiconductor to acquire Fairchild for $20.00 per share in an all cash transaction valued at approximately $2.4 billion. The acquisition creates a leader in the power semiconductor market…