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Foxconn buy a 67 percents stake in the Canadian manufacturer of smartdisplays


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Foxconn buy a 67 percents stake in the Canadian manufacturer of smartdisplays


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POSTER: computer news   ||   FOXCONN BUY A 67 PERCENTS STAKE IN THE CANADIAN MANUFACTURER OF SMARTDISPLAYS

DATE:2016-05-29

Smart Technologies Canadian company officially announced that between her and Singapore Foxconn (Foxconn Singapore Pte) reached an agreement on the exchange of shares for cash.  The total amount of the transaction were not disclosed.  It reported only that the stock price is set at $ 4.50 per security, which includes a premium of 21%.  According to the company's transaction completion Foxconn will own 66.67% of the company Smart Technologies.

Smart Technologies Specialization is the issue of intelligent interactive displays, which are also called the digital board.  Such panels are beginning to be widely used in educational processes and in business. To state Foxconn, which became the owner of 66% stake in Sharp - is one of the new and promising business areas  .  By the way, Smart Technologies company will actually be saved from losses, as happened in the case of Foxconn deal and Sharp.  Net loss of the Canadian producer of "smart" displays in 2015 amounted to $ 60.9 million., Whereas in the year revenues stood at $ 348 million.


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