Yageo Announces Completion of CFIUS Review
2020/04/24Yageo Corporation (TAIEX: 2327), today announced that, in connection with the pending acquisition of KEMET Corporation (NYSE: KEM) by Yageo, on April 23, 2020 (EDT), the Committee on Foreign Investment in the United States (CFIUS) notified the parties that it completed review of the pending acquisition of KEMET by Yageo and determined that there are no unresolved national security concerns with respect to the transaction. This approval makes this merger a major step forward.
The parties expect the transaction to close in the third quarter of 2020, subject to additional customary closing conditions and the receipt of the remaining required regulatory approvals.
