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Nov. 11, 2019, 6:47 p.m. EST

Kemet stock rallies on Yageo's $1.8 billion buyout offer

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By Wallace Witkowski

Kemet Corp. /zigman2/quotes/202335549/composite KEM +0.22% shares rallied in the extended session Monday following an announcement that Taiwan's Yageo Corp. /zigman2/quotes/209619950/delayed TW:2327 +1.93% would acquire the electronics-components supplier company for $1.8 billion in cash. Kemet shares surged 13% after hours, following a 2.1% decline to close the regular session at $23.02. Yageo's offer values Kemet stock at $27.20 a share, or 18% higher than Monday's close. The deal, which Yageo will finance with cash on hand and committed financing, is expected to close in the second half of 2020, the companies said.

/zigman2/quotes/202335549/composite
US : U.S.: NYSE
$ 26.92
+0.06 +0.22%
Volume: 771,027
Dec. 5, 2019 6:30p
P/E Ratio
9.98
Dividend Yield
0.74%
Market Cap
$1.56 billion
Rev. per Employee
$90,577
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/zigman2/quotes/209619950/delayed
TW : Taiwan
NT$ 369.00
+7.00 +1.93%
Volume: 8.87M
Dec. 6, 2019 1:30p
P/E Ratio
15.49
Dividend Yield
12.15%
Market Cap
NT$153.44 billion
Rev. per Employee
NT$6.72M
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