Entering text into the input field will update the search result below

SemiLEDs +19% on $2M share purchase offer

Aug. 20, 2019 6:44 PM ETSemiLEDs Corporation (LEDS) StockLEDSBy: Jason Aycock, SA News Editor1 Comment
  • SemiLEDs (NASDAQ:LEDS) has gained 19.4% after hours following an offer it received to buy 680,000 shares.
  • In a filing, the company notes it received the offer to buy that quantity at $3 each (a 35% premium) from individual investor Xian Chang Ma (chairman/CEO of Shandong Tengjunxiang Biotechnology), in China.
  • The 680K shares make up about 19% of currently outstanding shares.
  • The deal's contingent on board acceptance and a definitive stock purchase agreement. On closing, the board expects to nominate Ma to a director's seat.
  • SemiLEDs says its board will decide on the offer by Aug. 30.

Recommended For You

About LEDS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
LEDS--
SemiLEDs Corporation