PLANO, Texas-Mar. 26, 2020– Diodes Incorporated today provided the following update related to the status of its proposed acquisition of Lite-On Semiconductor (TWSE: 5305) (“LSC”) that was announced on August 8,2019. As approved by the Board of Directors of both LSC and Diodes, the Outside Date included in the Share Swap Agreement has been updated from May 31, 2020 to December 31, 2020 and is consistent with the previously communicated anticipated close date of the second half of 2020. The amendment was enacted to accommodate the review schedule of the relevant Chinese authorities and associated operational processes that will need to be completed. As stated previously, Diodes remains confident the transaction will close as planned once the final regulatory approvals have been secured.
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