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Sumitomo acquires P-OLED pioneer for $258M

Posted: 25 Sep 2007  Print Version  Bookmark and Share Subscribe 

Keywords:acquisition  P-OLED  merger 

[Summary of tips] Sumitomo Chemical Co. announced it has completed its $285 million acquisition of polymer OLED (P-OLED) pioneer Cambridge Display Technology Inc. (CDT) by means of a merger between CDT and a wholly owned subsidiary of Sumitomo Chemical.The merger consideration represents a 107 percent premium over CDT's 90-day average closing sh......
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