Kemet offers to buy European capacitor firm

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  • PeteS in CA
    Badcaps Legend
    • Aug 2005
    • 3583
    • USA, Unsure of Planet
    #1

    Kemet offers to buy European capacitor firm

    http://www.eetimes.com/news/latest/s...capacitor firm
    Peter Clarke
    EE Times Europe
    (02/20/2007 9:06 AM EST)
    LONDON - Kemet Corp., a manufacturing of tantalum and aluminum capacitors, is has offered to buy Evox Rifa Group Oyj, a maker of film and electrolytic capacitors, reportedly for approximately $55 million in cash.

    Kemet (Greenville, South Carolina) has offered 0.12 euro (about 16 cents) for all issued and outstanding shares in Evox Rifa (Helsinki, Finland). The offer price represents a premium of approximately 47 per cent compared to the volume-weighted average trading price of the Evox Rifa shares on the Helsinki Stock Exchange during the last 12 months and approximately 44 per cent compared to the average trading price during the last 3 months.
    PeteS in CA

    Power Supplies should be boring: No loud noises, no bright flashes, and no bad smells.
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    To kill personal responsibility, initiative or success, punish it by taxing it. To encourage irresponsibility, improvidence, dependence and failure, reward it by subsidizing it.
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