Market Overview

ChipMOS Repurchase 2.093M Shares from ThaiLin at $17.79/Share

ChipMOS TECHNOLOGIES (Nasdaq: IMOS) today announced that it has closed the second tranche of its previously announced share repurchase from its subsidiary, ThaiLin Semiconductor Corporation ("ThaiLin").  Pursuant to pricing agreement, 2,093,705 shares were repurchased at the price of US$17.79 per share by ChipMOS, with the shares cancelled immediately after the repurchase.  This follows the November 26, 2013 repurchase of 2,000,000 shares by ChipMOS from ThaiLin at the price of US$15.60 per share.  In total, ChipMOS has now repurchased the full 12.2% ownership position in ChipMOS from ThaiLin. 

See full press release

Posted-In: News Guidance Offerings Buybacks Management M&A Global

 

Related Articles (IMOS)

Around the Web, We're Loving...

Get Benzinga's Newsletters