Delta to Make Offer to Acquire 35-55% Stake in VIVOTEK
Delta Electronics Inc., a global provider of power and thermal management solutions, announced its board of directors has approved a proposal for a cash tender offer to acquire approximately 35 percent to 55 percent of the outstanding common shares of VIVOTEK Inc.
A press release by Delta reported, “This tender offer, which is expected to begin on August 9, 2017, and end on September 26, 2017, shall be satisfied when final effective tendered shares reach the aforementioned minimum.”