Diodes Inc.
Diodes Inc. of Chatsworth Chatsworth, estate, Derbyshire, central England, near Chesterfield. It is the seat of the dukes of Devonshire. Begun in 1552, the present Classical-style Chatsworth House was rebuilt in 1686.
Diodes Inc. of Chatsworth announced the completion of the sale of 1
million shares of its common stock in a private placement to Silitek
Corp. of Taiwan Taiwan (tī`wän`), Portuguese Formosa, officially Republic of China, island nation (2005 est. pop. 22,894,000), 13,885 sq mi (35,961 sq km), in the Pacific Ocean, separated from the mainland of S China by the 100-mi-wide (161-km) Taiwan . Diodes also granted Silitek a two-year option to
purchase an additional 1 million shares at the same price. Total
consideration for the cash transaction was $1,875,000 or $1 7/8 per
share. In a previous private sale, Silitek purchased 945,800 shares of
Diodes' common stock from Microsemi Corp. Upon the issuance of the
new 1 million shares, Silitek will own 42 percent of the issued and
outstanding stock of Diodes. If Silitek exercises the additional option,
its holding in Diodes will increase to 52 percent.
COPYRIGHT 1990 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion