Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Pleasant Lake Partners Offers To Buy MagnaChip Semiconductor Corp.

Pleasant Lake Partners, a hedge fund, announced it offered to acquire MagnaChip Semiconductor Corp, an analog chipmaker, in a transaction valuing the South Korean firm at $345.7 million. Pleasant Lake is offering $10 per share which is a 29.2% premium over MagnaChip’s closing price on Friday.