Nov. 28, 2013
Compal Announced a merger with Compal Communications

Compal Electronics, Inc. (hereinafter “Compal”, 2324.TW) has successfully completed the cash tender offer of outstanding common shares of Compal Communications, Inc. (hereinafter “CCI”, 8078.TW), and owns 90.39% stake of CCI currently. Compal and CCI jointly announced today both companies’ Board of Directors have approved the merger, with record date set to be Feb 27, 2014. CCI will be delisted on the same date.

 

The consideration of the merger will be NT$50.8 per share, equal to the consideration of the tender offer. After merger, Compal will be the surviving company and CCI will be dissolved. The surviving company’s name will remain as “Compal Electronics Inc.”

 

To align with the future growth, Compal will leverage CCI’s long-term built expertise in wireless communication to fully integrate R&D, manufacturing, and financial resources. The integration will make Compal uniquely positioned to serve our customers as a “one-stop-shop” for smartphone, tablet, notebook, AIO and display, which differentiating ourselves clearly with our industry peers.

 

Looking forward, Compal will stands on the solid foundation of NB PCs and accelerate into smart devices to create more synergies. By executing faster product diversification to achieve larger scale and profitability, Compal is heading to the next milestone. Meanwhile, Compal will be continuously committed to improve the long-term corporate value and shareholder return.

 

 

 

Media Contact:

 

Compal Electronics, Inc.

Gary Lu

Senior vice president and Spokesman

Tele: (02) 886-2-8797-8588

Investor@compal.com

 

Compal Communications, Inc.

Andrew Yu

Finance Director & Spokesman

Tele: (02) 886-2-8751-6228

Investor@compalcomm.com