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Taiwanese semiconductor component distributor, WT Microelectronics has entered into a definitive agreement to acquire 100% of the shares of Future Electronics for an enterprise value of USD 3.8 billion.
The transaction, announced Thursday by WT Microelectronics, comes more than seven months after the Pointe-Claire based firm was rocked by allegations that company founder Robert Miller had paid to have sex with minors.
Bringing Taiwan to the World and the World to Taiwan
WT Microelectronics Co. signs agreement to acquire 100% of Montreal-based firm’s shares
Montreal billionaire Robert Miller, who faces a class-action lawsuit alleging he paid underage girls for sex, is selling his company Future Electronics Inc. for more than $5 billion to a Taiwanese semiconductor distributor.