Kemet : Yageo Corp. Get Final Regulatory Approval for Acquisition

By Stephen Nakrosis

Kemet Corp. on Tuesday said it received the final regulatory approval needed regarding its pending acquisition by Yageo Corp.

Kemet said the final approval was issued by the Investment Commission, Ministry of Economic Affairs in Taiwan.

Under the terms of the deal, which was first announced in November, 2019, "Yageo will acquire all outstanding shares of Kemet's common stock for $27.20 per share in an all-cash transaction valued at approximately $1.6 billion," Kemet said.

Kemet and Yageo are both manufacturers of electronic components.

The two companies expect to consummate the merger on or about June 15.

--Write to Stephen Nakrosis at [e-mail]