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KEMET Provides Regulatory Update for Pending Acquisition by Yageo Corporation
April 29, 2020 | Globe NewswireEstimated reading time: Less than a minute
KEMET Corporation today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation, the parties received a notice from the Anti-Monopoly Bureau of the State Administration for Market Regulation in China (SAMR) of its unconditional approval of the pending acquisition of KEMET by Yageo under the Anti-Monopoly Law of China.
The remaining required regulatory approval to consummate the transaction is approval from the Investment Commission, Ministry of Economic Affairs in Taiwan. The parties’ submission was recently filed, and reviews typically take up to approximately 90 days to complete.
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