Delta Announces Offer To Acquire 55% Stake in VIVOTEK

VIVOTEK

Delta Electronics, Inc. (TWSE: 2308), a global leader in power and thermal management solutions, announced its Board of Directors has approved a proposal for a cash tender offer to acquire approximately 35% (28,631,800 shares) to 55% (44,992,800 shares) of the outstanding common shares of VIVOTEK Inc. (TWSE: 3454) with an offer price of NTD98 per share. This tender offer, which is expected to begin on August 9, 2017 and end on September 26, 2017, shall be satisfied when final effective tendered shares reach the aforementioned minimum.

Delta’s chairman, Mr. Yancey Hai, remarked, “Our M&A strategy is an essential pillar of Delta’s long-term plan to sharpen its competitiveness under a rapidly evolving marketplace. We, therefore, remain committed to enhancing the value-added capabilities of our Building Automation Solutions. Security and video surveillance are such critical aspects in this field as they go way beyond buildings and actually support the creation of smart cities. VIVOTEK has been developing state-of-the-art video surveillance solutions for more than 17 years, including IoT-based smart imaging analytics. Upon completion of this tender offer, we expect to produce substantial synergies by integrating the technologies and market development platforms of both companies.”

VIVOTEK is a leading brand of video surveillance solutions with strong focus on R&D and innovation, and international brand recognition. Leveraging Delta’s extensive and versatile resources is expected to be highly beneficial to VIVOTEK’s overall business and its underlying shareholders’ equity.

From a product perspective, both companies could jointly develop competitive solutions capable of satisfying a larger spectrum of applications; in terms of business development, VIVOTEK could leverage Delta’s growing global presence and market channels to boost its performance; from a production standpoint, VIVOTEK could benefit from Delta’s automated manufacturing know how and significant procurement bargaining power.

Source: vivotek.com
0 Comments

Home Forums Delta Announces Offer To Acquire 55% Stake in VIVOTEK

This topic contains 0 replies, has 1 voice, and was last updated by  Jay Bartlett 1 week, 5 days ago.

How you feel about it?
Your information: