FORT LAUDERDALE, Fla., June 15, 2020 -- KEMET Corporation (“KEMET”) (NYSE: KEM) today announced the completion of the acquisition of KEMET by Yageo Corporation (“Yageo”).
Zynex Inc. (NASD:ZYXI) will replace KEMET Corp. (NYSE:KEM) in the S&P; SmallCap 600 effective prior to the opening of trading on Tuesday, June 16. Yageo Corp. is acquiring KEMET in a deal expected to be completed on or about June 15 pending final conditions.
KEMET Corporation (“KEMET”) (KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (“Yageo”) (TAIEX:2327), the parties received the final regulatory approval that is a condition to closing of such transaction from the Investment Commission, Ministry of Economic Affairs in Taiwan. The parties expect to consummate the merger on or about June 15, 2020, subject to the satisfaction of the remaining closing conditions set forth in the merger agreement, announced on November 11, 2019, and discussed in detail in the definitive proxy statement, filed by KEMET with the U.S. Securities and Exchange Commission on January 14, 2020. Upon consummation of the merger, Yageo will acquire all of the outstanding shares of KEMET’s common stock for US $27.20 per share in an all-cash transaction valued at approximately US $1.6 billion.