Diodes Incorporated today announced that it has completed its acquisition of BCD Semiconductor Manufacturing Limited in an all cash deal, valued at approximately $151 million. Under the terms previously announced, each ordinary share, par value $0.001 per share, of BCD has been converted into the right to receive cash. Each ADS represents six Shares and has been converted into the right to receive $8.00 in cash, without interest.
“As we have worked with the BCD team over the past several weeks,” Dr. Keh-Shew Lu, Diodes’ President and CEO, said, “we have come to appreciate more fully the integrity, dedication and work ethic of their management team and the depth and value inherent in the BCD product portfolio. We have recognized that our companies’ cultures are very compatible, and have been able to create a rapid integration plan that will allow us to accelerate the profitable business opportunity of the combined organization.”
“We have been very pleased with the aggressive approach Diodes has taken to allow us to close this transaction so expediently,” said Mr. Chieh Chang, BCD’s CEO. “I am optimistic about the opportunity that merging with Diodes offers to our customers, partners, and employees. The BCD management team and I look forward to being part of this dynamic and growing company.”
Diodes Incorporate is a global manufacturer and supplier of application-specific standard products within the broad discrete, logic and analog semiconductor markets.