The Wall Street Journal reports that both Doosan and Samsung's Cheil Industries are considering to acquire Novaled. Two weeks ago we reported that Doosan wants to buy Novaled for $270-360 million, but now it seems that Samsung is also interested in the German OLED material maker.
The report suggests that Cheil hasn't yet decided to submit a bid, and may actually only offer to buy a stake in Novaled. Samsung is already a shareholder in Novaled. A year ago Novaled announced plans for an IPO on the NASDAQ with an aim to raise $200 million.
Disclosure: Novaled is an OLED-Info sponsor
Posted: Apr 02,2013 by Ron Mertens
