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Himax (HIMX) -2.8% AH to $6.93 after filing a fresh F-3 related to the company and top...

Himax (HIMX) -2.8% AH to $6.93 after filing a fresh F-3 related to the company and top customer/shareholder Innolux's plans to sell 50.9M ADS units, or 101.7M ordinary shares (first announced on April 30). Innolux proposes to potentially sell its entire 15% stake, which translates into 50.8M ordinary shares. The proposed maximum offering price for Himax and Innolux's stock offerings is set at $3.50 per ordinary share, or $7 per ADS.
Comments (4)
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    Hm...A major shareholder is selling off their entire stake? But why would they do this if HIMX are such a great investment?!

     

    Again, outdated tech and no Google Glass. This raft, she was inflated well, but I think I hear the whine of a leak!

     

    Good luck with this "triple"!
    4 Jun 2013, 12:58 AM Reply Like
  • Daisyann
    , contributor
    Comments (2) | Send Message
     
    Well, it is not a news that everyone knows it. Getting rid of the Innolux basically helps HIMX stronger in the future. You do not obviously know about the case of Google glass either. The time will tell everything in the end.
    4 Jun 2013, 09:09 AM Reply Like
  • BrodyL
    , contributor
    Comments (6) | Send Message
     
    Innolux Corp had to pay US$110.3 million to settle consumer and US state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors between 1999 and 2006.
    5 Jun 2013, 01:20 AM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    Show me:

     

    1. That this was not paid off, already.
    2. That the proceeds from this sale are intended for this pay-off.

     

    If you cannot show me this, then my conclusion stands.
    5 Jun 2013, 02:08 AM Reply Like
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