Under the proposed terms, shareholders of Zetex will receive a cash share of 85.45p per share. Based on all the issued and forthcoming common share capital of Zetex, the total value is about 9,654,380+600,000. The transaction has not been approved by Zetex shareholders. If formally approved, the transaction is expected to be completed in June this year. This transaction was supported by some Zetex shareholders, accounting for about 56.5% of the issued common share capital of Zetex.
Both directors of Zetex and Diodes believe that this transaction can combine the advantages of both parties, consolidate and expand their position as global analog and discrete semiconductor solutions suppliers in various market sectors, including consumer electronics, computing, communications, industry and automobile markets. The two sides also believe that this transaction will help to build a broader product lineup, integrate supply chain infrastructure, improve distribution channels, strengthen market focus and open up new cross-selling opportunities, which will bring obvious benefits to customers and employees of the two companies.
Hans Rohrer, CEO of Zetex, said: "We are very happy to announce this news. Diodes is a recognized leader in the global discrete and analog semiconductor market, and complements Zetex in product series, market focus and many other aspects. The merger of the two parties will establish a strong product lineup, which will accelerate the development of Zetex in the Asia-Pacific region, and diodes will benefit from our strong strength in Europe. Obviously, the combined enterprise will have a better scale, which will benefit customers and employees in sales, manufacturing and product development. "
Dr. Lu Kexiu, President and CEO of Diodes, said: "Zetex will bring us a series of new discrete and analog products and strengths, which will help us further penetrate into major end markets, including consumer, computing and communication markets. Zetex has a strong management team, technical expertise and a huge customer base, which just supplements our regional market share and expands the target market. We believe that this merger will combine the advantages of the two companies, create excellent cross-selling opportunities, bring significant economies of scale, and make full use of diode manufacturing and packaging expertise to reduce costs. "
Hans Rohrer concluded: "We have made great progress in implementing our business strategy, but there is still room for improvement. The combined group will be more than four times the existing size of Zetex, and its resources will be more substantial, so that we can speed up the implementation of our business strategy. "
Introduction to Zetex
Zetex focuses on designing and manufacturing high-performance discrete and analog semiconductor solutions suitable for different applications, covering different fields such as power management, LED drivers, high-performance digital audio solutions and satellite broadcasting control circuits. The company's business covers the whole world, with manufacturing plants in Britain, Europe and China, and is committed to providing value-added discrete and simulation standard products and special products to customers in the United States, Europe and Asia.
Brief introduction of diode
Diodes is active in the global discrete and analog semiconductor market, and is committed to manufacturing and supplying high-quality special standard products, serving different markets such as consumer electronics, computing, communications, industry and automobiles. Diode Company is a NASDAQ listed company with a market value of about 970 million US dollars, and is a listed company with a low market value of S&P 600 index. Founded in 1959, the company now has more than 4,000 products, which are sold to about 130 original equipment manufacturers (OEMs) and indirectly sold to 10000 customers through about 60 dealers. Diodes has a wafer manufacturing plant in Missouri, a simulation design center in Taiwan Province Province and two manufacturing plants in Shanghai, with sales and support offices all over the world. The company is headquartered in Dallas, Texas, USA.