Iljin Materials and LED maker ILJIN Semiconductor plan merger

February 16, 2012 — Iljin Materials Co., Ltd., a developer and producer of elecfoils for use in the electronic components, has signed a statutory merger agreement with ILJIN Semiconductor Co., Ltd., a company engaged in the manufacturing of light emitting diodes (LEDs). Both the companies are based in Korea.

The merger ratio of Iljin Materials and ILJIN Semiconductor is 1 : 0.3040296 and 1,865,318 common shares will be issued with the merger. The merger effective date is April 30, 2012. After the merger, Iljin Materials will survive and ILJIN Semiconductor will be dissolved.

Deal Type Merger Deal Status Announced: 2012-02-14
Deal Participants
Target 1 (Company) Iljin Materials Co., Ltd. Target 2 (Company) ILJIN Semiconductor
Copyright 2012 Datamonitor

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