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Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS

Magnachip Announces Postponement of Special Meeting of Stockholders Pending Further Developments with respect to Interim Order from CFIUS
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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 exi ....

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Magnachip Confirms Receipt of Unsolicited Proposal

/PRNewswire/ Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX), the South Korean leader in display and power solutions, today. ....

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Tweets Related to BTS and 'Butter' Exceed 300 Million Worldwide in Nearly a Month

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May 24, 2021
BTS and their comeback song Butter have been a hot topic among fans that it resulted in hundreds of millions of tweets on Twitter!
Tweets Related to BTS and Their New Single Butter Surpass 300 Million Worldwide
On May 24, news outlets reported that the number of tweets related to the group BTS and their new English-language single Butter has exceeded 300 million around the world. This figure is an aggregate amount for about a month from April 24 to May 23, including the teasing period for the release of Butter, which started on May 10.
After BTS Butter was dropped on May 21 at 1 p.m. KST, the number of related tweets reached 31 million in only a day. On that day, the time when BTS and Butter were the most-tweeted was from 1 p.m. to 2 p.m., recording five million tweets in just an hour. ....

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Magnachip to Announce First Quarter 2021 Financial Results on May 10

Magnachip to Announce First Quarter 2021 Financial Results on May 10
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SEOUL, South Korea, April 26, 2021 /PRNewswire/ Magnachip Semiconductor Corporation ( Magnachip or the Company ) (NYSE: MX) will provide a press release with fiscal first quarter 2021 results before the market opens on Monday, May 10, 2021. This release will be accessible from the Investors section of the company s website at www.magnachip.com.
Magnachip will not host a conference call to discuss its results for the first quarter of 2021, as the Company entered into a definitive agreement with investment vehicles formed by an affiliate of Wise Road Capital LTD in a take private transaction on March 25, 2021. ....

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Magnachip Enters into Definitive Agreement with Wise Road Capital in a Take Private Transaction Valued at $1.4 Billion

Magnachip Enters into Definitive Agreement with Wise Road Capital in a Take Private Transaction Valued at $1.4 Billion
Apr 01, 2021 2:18 PM ET
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Magnachip Semiconductor Corporation , the South Korean leader in display and power solutions, today announced that it has entered into a definitive agreement (the Agreement ) with South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan Merger Sub, Inc., a Delaware corporation, which are investment vehicles established by Wise Road Capital LTD and certain of its limited partners ( Wise Road ).
Under the terms of the Agreement, Magnachip shareholders will receive $29.00 in cash for each share of Magnachip s common stock they currently hold, representing a premium of approximately 75% to Magnachip s 3-month volume-weighted average share price and approximately a 54% premium to the unaffected closing stock price on March 2, 2021, the last trading day before m ....

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