ACE PILLAR CO., LTD. DFI Inc. (TWSE:2397) agreed to acquire an additional 16% stake in Ace Pillar Co., Ltd. (TWSE:8374) for approximately TWD 580 million on June 9, 2021. Under the terms of the transaction, DFI Inc. will pay NT 32 in cash per share to acquire 17.97 million shares in Ace Pillar Enterprise Co., Ltd. The planned maximum purchase quantity is 17,970,000 shares (about 16% of the total issued shares), and the minimum purchase quantity is 5,612,525 shares (about 5% of the total shares). If the acquired equity reaches the minimum purchase quantity, the acquisition will be achieved.
The start date of the acquisition is expected to be no later than June 10, 2021 and the deadline is July 29, 2021.
