Green Point Accepts Jabil Offer of $880 Million (2006/11/22)

The board of directors of Green Point Enterprises has agreed to the tender offer of Jabil Circuit, one of the world’s five largest EMS providers, at NT$109 per share, totaling US$880 Million in value. The deal is a record-high offer from a foreign enterprise for a Taiwan electronics firm.

Green Point has significant scale in the design and production of advanced plastics and metals for the mobile products market. When combined with Jabil’s global infrastructure, systems and electronic expertise, we will possess a market leading end-to-end capability with outstanding long-term growth prospects.” said Tim Main, President and CEO of Jabil.

Green Point is Taiwan’s largest maker in advanced electro-mechanical manufacturing and services for the mobile products and consumer market. WK is a board of director and major shareholder of Green Point since 2000.

http://biz.yahoo.com/bw/061122/20061122005267.html?.v=1