WT Microelectronics Announces Acquisition of Excelpoint Technology to enhance product offerings and market expansion
WT Microelectronics Co., Ltd. (TWSE: 3036) (“WT”) and Excelpoint Technology Ltd. (SGX: BDF) (“Excelpoint”) today announced that WT, through its wholly owned subsidiary WT Semiconductor Pte. Ltd.(“Acquiring Entity”), and Excelpoint have entered into a definitive agreement pursuant to which WT, through the Acquiring Entity, will acquire 100% equity in Excelpoint by way of a scheme of arrangement (“Scheme”) at a cash consideration of S$1.93 per Excelpoint share.