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Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS News provided by Share this article Share this article 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 existence under th

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