Diodes Acquires British Chipmaker

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Diodes Inc. said Friday that it will purchase Great Britain-based chipmaker Zetex plc for about $176 million in cash.


Westlake Village-based Diodes said Zetex shareholders will get a 96 percent premium on Thursday’s closing price.


Diodes said it believes the purchase will add to earnings within a year. It added that the deal will complement its own wafer processing and packaging capacity as well as strengthen its European business.


Shares in Diodes were down 1.1 percent to $23.46 in early trading Friday.

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