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Sumitomo moves to acquire P-OLED pioneer CDT

Posted: 03 Aug 2007  Print Version  Bookmark and Share Subscribe 

Keywords:P-OLED  display technology  polymer OLED  merger 

[Summary of tips] Sumitomo Chemical Co. Ltd is set to buy polymer OLED (P-OLED) pioneer Cambridge Display Technology Inc. (CDT) of the United Kingdom for an estimated $285 million. Under the merger agreement, the Japanese company will acquire all outstanding shares of the CDT common stock at a price of $12 per share in cash.David Fyfe, chairman ......
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