Samsung Display Acquires eMagin for $218 Million
eMagin Corporation (NYSE American: EMAN) entered into a formal merger agreement with Samsung Display Co., Ltd. to be purchased for $2.08 per share in cash in a $218 million transaction advised by the Technology team. Samsung Display is a 100% subsidiary of Samsung Electronics Co., Ltd. (KRX: 005930).
Jocelyn M. Arel, Partner
eMagin’s Board of Directors unanimously authorised the transaction and recommended that investors support it at a special meeting to be called in connection with the transaction. The acquisition is scheduled to occur in the second half of 2023, subject to eMagin stockholder approval, regulatory approvals, and other closing conditions.
eMagin is the leader in OLED microdisplay technology, enabling world-class customers in the military, consumer, medical, and industrial markets to visualise digital information and imagery.
Michael R. Patrone, Partner
The Goodwin team, lead by Jocelyn Arel and Mike Patrone, includes Will Wang, Achal Oza, Liza Craig, Alex Denniston, Paul Jin, Alice Choi, Will Stanton, Jason Yeoun, Lauren Paylor, Tiffany Williamson, and Jonathan Elefant.
Will Wang, Counsel
Please see the press release for additional agreement details.
For detailed information, as well as the picture copyright, please see the law firm’s original article here: eMagin Corporation To Be Acquired By Samsung Display For $218 Million.