[New post] Investment firm Pleasant Lake offers to buy MagnaChip

sskarthik posted: "(Reuters) - Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea-based company at about $346 million. MagnaChip's shares were up 5 percent at $8.12 in mid-morning trade. " Respond to this post by replying above this line New post on SKarthik.info Investment firm Pleasant Lake offers to buy MagnaChip by sskarthik (Reuters) - Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea-based company at about $346 million. MagnaChip's shares were up 5 percent at $8.12 in mid-morning trade. The $10-per-share offer of Pleasant Lake, which owns 9.9 percent of MagnaChip, is at a premium of 29 percent to MagnaChip's Friday closing price.(http://1.usa.gov/1fRbi5p) MagnaChip's chips are used in smartphones, tablets and television. Read more... sskarthik | August 31, 2015 at 10:55 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3hQ5 Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/31/investment-firm-pleasant-lake-offers-to-buy-magnachip/ Thanks for flying with WordPress.com