Acer to sell off memory module subsidiary Apacer

jmke · 9th July 2008, 17:48

Acer has decided to sell off all of its 34.4% holding in memory module subsidiary Apacer Technology, with Powerchip Semiconductor Corporation (PSC), A-Data Technology, and Apacer's current management team set to take up the released shares, according to industry sources.

PSC is expected to take a thin slice of the Acer holdings, which will nevertheless make it the biggest shareholder of Apacer with an almost 25% stake, the sources said.

Apacer's management team will increase its stake to 20% to become the second largest shareholder, followed by A-Data, who will have 5-10%, the sources said.

http://www.digitimes.com/news/a20080708PD222.html

9th July 2008, 17:48	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	Acer to sell off memory module subsidiary Apacer Acer has decided to sell off all of its 34.4% holding in memory module subsidiary Apacer Technology, with Powerchip Semiconductor Corporation (PSC), A-Data Technology, and Apacer's current management team set to take up the released shares, according to industry sources. PSC is expected to take a thin slice of the Acer holdings, which will nevertheless make it the biggest shareholder of Apacer with an almost 25% stake, the sources said. Apacer's management team will increase its stake to 20% to become the second largest shareholder, followed by A-Data, who will have 5-10%, the sources said. http://www.digitimes.com/news/a20080708PD222.html __________________

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