|Bid||146,500.00 x 0|
|Ask||147,000.00 x 0|
|Day's Range||144,000.00 - 150,000.00|
|52 Week Range||53,400.00 - 193,000.00|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||1,200.00 (0.81%)|
|Ex-Dividend Date||Dec 29, 2020|
|1y Target Est||93,867.00|
Spanish investor reveals 1st-quarter portfolio
(Bloomberg) -- Navitas Semiconductor, a maker of power chips, has agreed to go public through a merger with Live Oak Acquisition Corp. II, a blank-check firm, according to a person with knowledge of the matter.The transaction, which could be announced as soon as this week, is set to value the combined entity at about $1 billion, said the person. That includes a so-called private investment in public equity, or PIPE, of about $145 million, the person said.A Live Oak representative declined to comment. A Navitas representative didn’t immediately respond to a request for comment.Live Oak raised $253 million in a December initial public offering. The SPAC is led by CEO Richard J. Hendrix.El Segundo, California-based Navitas, led by CEO Gene Sheridan, works with customers including Lenovo Group Ltd., LG Electronics Inc., Dell Technologies Inc. and Xiaomi Corp., its website shows. Its technology is used in mobile chargers, flat-screen televisions and data centers. Navitas specializes in gallium nitride, or GaN, semiconductor technology which it says runs up to 20 times faster than silicon, enabling more power and speedier charging.(Updates with technology, Xiaomi in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
South Korean Ryu Hyun-soo describes himself as an "LG phone maniac" and says he won't give up his LG smartphones even though the company that makes them is getting out of the business. LG Electronics Inc said this month it would wind down its smartphone division by the end of July because of a prolonged sales slump. Ryu, 53, who has collected nearly 90 devices over 23 years, said he started using LG phones because he liked their design and creative functions, but the audio quality made him fall in love with them.