Diodes (DIOD) is buying BCD Semiconductor (BCDS), a Chinese analog chipmaker incorporated in the...

|About: Diodes Incorporated (DIOD)|By:, SA News Editor

Diodes (DIOD) is buying BCD Semiconductor (BCDS), a Chinese analog chipmaker incorporated in the Cayman Islands, for $151M in cash, or $8/share. The price represents a 101% premium to BCD's close. BCD, which has $39M in cash/equivalents and has posted $112M in revenue over the last 12 months, expands Diodes' analog product line and gives it a chance to cross-sell to the major Chinese OEMs that rely on BCD. (PR)