Kemet Corporation (KEM) to be Acquired by Yageo for $27.20/Share in $1.8 Billion Deal
Tuesday, November 12, 2019
November 12, 2019 8:41 AM EST
Yageo Corporation (TAIEX: 2327) (“Yageo”) and KEMET Corporation (“KEMET”) (NYSE: KEM) today announced that they have entered into a definitive agreement under which Yageo will acquire all of the outstanding shares of KEMET’s common stock for US$27.20 per share in an all-cash transaction valued at US $1.8 billion, including the assumption of net debt. The transaction has been approved by the Boards of Directors of both companies.
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