The Sumitomo Chemical Company is to acquire Cambridge Display Technology, the UK-based developer of polymer organic light emitting diodes (P-OLEDs).
Under the merger agreement, Sumitomo Chemical will acquire all outstanding shares of CDT common stock at a price of $12 per share in cash, for an aggregate purchase price of approximately $285m.
Completion of the merger is subject to CDT stockholder approval and other customary closing conditions.
The acquisition is expected to close during the third or fourth quarter of 2007.
Oxa launches autonomous Ford E-Transit for van and minibus modes
I'd like to know where these are operating in the UK. The report is notably light on this. I wonder why?