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LTC — Capital/Financing Update 2013
Mar 11, 2013
51997_rns_2013-03-11_f5f44340-2288-4f19-8f84-cb17989dd8f7.pdf
Capital/Financing Update
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Lite-On Technology
Safe Harbor Notice
Lite-On Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.
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Transaction Overview
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Acquiring LOIT’s Outstanding Shares
Lite-On is commencing a cash tender offer to acquire 58% of Lite-On IT (8008.TW) stake via Baoyuan, 100% owned subsidiary.
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----- Start of picture text ----- Stage 1. Stage 2. Baoyuan to acquire 58% of LOIT stake Lite-On to merge BaoyuanLite-OnAcquires 42% Lite-On Lite-OnLOIT Shares100% 100%BaoyuanBaoyuan LOITOtherAcquiresShareLOIT 58%100%HoldersSharesLOIT LOIT----- End of picture text -----
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Transaction Details
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Lite-On current holding: 42% of LOIT Stake
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TO price per share: NT$32.75
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Shares to be acquired: 532.9M Shares
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Transaction amount: up to NT$17,452mln
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TO period: Jan. 31[st] to Mar. 15[th] , 2013
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TO settlement date: Mar. 22[nd] , 2013
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LOIT Company Profile
LOIT, A Global Leading Storage Provider
1. Founded Date: 1999/03/23
2. Listing Date: 2004/11/05
3. Stock Code: 8008.TW
4. Market Cap: NTD 23 Billion
5. Book Value Per Share: NTD 24.89 (2012/09/30)
6. Product Portfolio:
Optical Disk Drives (ODD) Solid-State Drives (SSD)
Automotive Electronics (AE) Medical & Biotech Analyzer (MB)
Synergies of The Transaction
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To provide the full range of products to global brands and materialize the cross-selling opportunities in Cloud, Automotive and Medical & Biotech applications.
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Immediate enhancement on Lite-On’s EPS and ROE, coupled with cost efficiency and operational improvement through economic scale and corporate integration.
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By 100% cash buyout, no dilution to Lite-On capital structure.
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With the same management scheme and BOD in place, that facilitates the integration for further re-alignment and operational efficiency.
THANK YOU
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