Lite-On announces offer to acquire 20% to 100% of U-Media CommunicationsBy Chen Cheng-hui / Staff reporterElectronic components manufacturer Lite-On Technology Corp (光寶科技) has made a public tender offer to partially or fully acquire U-Media Communications Inc (宇智網通), which provides advanced 5G fixed wireless access (FWA) and connectivity solutions. U-Media shares rose 9.92 percent to close at NT$49.85 yesterday. From left, Lite-On Technology Corp chief financial officer K.T. Photo courtesy of Lite-On Technology CorpThrough the tender offer, which begins today and runs until March 12, Lite-On targets to acquire between 20 percent (7,538,820) and 100 percent (37,694,100) of U-Media’s outstanding shares. Lite-On shares closed up 9.94 percent at NT$177 yesterday.
