Sumitomo Chemical Will Acquire Cambridge Display Technology# ChemEng - 化学工程
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August 2, 2007
BUSINESS
Sumitomo Chemical Will Acquire Cambridge Display Technology
Deal increases Japanese firm’s stake in organic display materials
Alex Tullo
Sumitomo Chemical plans to acquire Cambridge Display Technology—a Cambridge, England-based developer of organic light-emitting diodes (OLEDs)—for $285 million.
The deal must be approved by CDT shareholders when they meet this fall. But major shareholder Kelso & Co., CDT managers, and other shareholders—groups that collectively own 43% of
BUSINESS
Sumitomo Chemical Will Acquire Cambridge Display Technology
Deal increases Japanese firm’s stake in organic display materials
Alex Tullo
Sumitomo Chemical plans to acquire Cambridge Display Technology—a Cambridge, England-based developer of organic light-emitting diodes (OLEDs)—for $285 million.
The deal must be approved by CDT shareholders when they meet this fall. But major shareholder Kelso & Co., CDT managers, and other shareholders—groups that collectively own 43% of