|
|
Article: Prime View International and E Ink Corporation Revise Merger Agreement.
- Article from:
- China Weekly News
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Prime View International ("PVI") (8069.TW), the world's largest supplier of ePaper display modules, announced it has amended its merger agreement with E Ink Corporation, the leader in electronic paper display materials and intellectual property.
In addition to the $215 million cash consideration unveiled on June 1, 2009, the revised agreement includes consideration for E Ink shareholders based on the combined company's stock performance over a three-year period. The consideration will be granted in the form of 120 million convertible preferred shares that can be converted into common shares as the stock climbs from NT$50 to NT$80. At the end of the three year ...