eMagin Stockholders Approve Acquisition By Samsung Display
Portfolio Pulse from Happy Mohamed
eMagin Corporation's stockholders have approved the company's acquisition by Samsung Display Co., Ltd. The transaction, valued at approximately $218 million, will see all outstanding shares of eMagin common stock acquired for $2.08 per share in cash. The deal is expected to close in the second half of 2023, subject to regulatory approvals. Upon completion, eMagin will become a private company and its common stock will no longer trade on the NYSE American.
August 31, 2023 | 2:47 pm
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eMagin's acquisition by Samsung Display has been approved by its stockholders. The deal, valued at $218 million, will result in eMagin becoming a private company and its stock will cease trading on the NYSE American.
The acquisition of eMagin by Samsung Display will result in eMagin's stock ceasing to trade on the NYSE American, effectively making it a private company. This will likely lead to a decrease in the stock's liquidity and potentially its value, hence the negative score.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100