building automation

Delta Announces Offer To Acquire 55% Stake in 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.