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D-Link eyes US boost via share deal with Cameo
TRADE DISPUTE FACTOR:
An analyst said the private placement would boost the partnership between the two firms, and deepen their cooperation on products
By Angelica Oung / Staff reporter
Networking equipment maker D-Link Corp (友訊科技) on Tuesday said it plans to participate in a private placement of common shares in Cameo Communications Inc (友勁科技), aiming to bolster its partnership with the networking and communication products supplier.
D-Link plans to invest NT$800 million (US$28.19 million) to acquire 97.68 million Cameo Communications shares at NT$8.19 per share, D-Link chairman John Lee (李中旺) told a news conference at the Taiwan Stock Exchange after the firm’s board of directors approved the proposal earlier on Tuesday. ....

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