[Breaking News] Epistar Acquires FOREPI

Epistar has finally decided to acquire FOREPI, and will be announcing the details of the deal later today, according to several Taiwanese media reports.

The leading Taiwanese LED package manufacturer will be exchanging Epistar shares for FOREPI stocks at a rate of 1:3.488, according to a China Post report.

According to another Chinese language Apple Daily report, Epistar was able to seal the deal because Xiamen San’an Opto gave up its 19.77 percent stake in FOREPI. San’an Opto may have abandoned investments in the company because of measures imposed by Taiwan’s Ministry of Economic Affairs (MOEA) that prevent the company from interfering with FOREPI’s management and bars the Chinese company mangement from becoming FOREPI board members.

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