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Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS

Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS
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SEOUL, South Korea, June 17, 2021 /PRNewswire/ As previously announced, on March 25, 2021, Magnachip Semiconductor Corporation ( Magnachip or the Company ) (NYSE: MX), the South Korean leader in display and power solutions, entered into an Agreement and Plan of Merger (the Merger Agreement ) with South Dearborn Limited, an exempted company incorporated in the Cayman Islands with limited liability ( Parent ) formed by an affiliate of Wise Road Capital LTD ( Wise Road ), and Michigan Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ( Merger Sub ), pursuant to which, among other things, and subject to the terms and conditions thereof, Merger Sub will be merged with and into Magnachip (the Merger ), with Magnachip continuing its corporate exi ....

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Magnachip Semiconductor Corporation [MX] Is Currently -6.16 below its 200 Period Moving Avg: What Dose This Mean?

Magnachip Semiconductor Corporation [MX] Is Currently -6.16 below its 200 Period Moving Avg: What Dose This Mean?
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Magnachip Confirms Receipt of Unsolicited Proposal

/PRNewswire/ Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX), the South Korean leader in display and power solutions, today. ....

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MagnaChip (MX) Confirms $35/Share Unsolicited Proposal from Cornucopia Investment Partners, 21% Premium to Current Deal

MagnaChip (MX) Confirms $35/Share Unsolicited Proposal from Cornucopia Investment Partners, 21% Premium to Current Deal
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MagnaChip Semiconductor Corporation Sued for Securities Violations Regarding Proposed Sale to Wise Road Capital -

2 hours ago
On Thursday, a stockholder filed a complaint in the Southern District of New York against MagnaChip Semiconductor Corporation and its Board of Directors for alleged securities violations relating to the proposed sale of the company to a private equity company.
According to the complaint, the instant action arises from the defendants’ efforts to sell MagnaChip to “Southern Dearborn Limited (‘Parent’), and Michigan Merger Sub, Inc. (‘Merger Sub,’ and collectively with Parent ‘Wise Road’) as a result of an unfair process for an unfair price and to enjoin an upcoming stockholder vote on a proposed all cash transaction acquiring all of the Company’s remaining outstanding shares, valued at approximately $1.4 billion (the ‘Proposed Transaction’).” ....

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