MagnaChip (MX) Gains as LX Semicon Confirms Bid, Possible Carlyle Consortium
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Magnachip Semiconductor (MX) Offer in Mid-$20s or Above Could Get Deal Done - Oppenheimer
May 19, 2022 7:50 AM EDTOppenheimer analyst Martin Yang weighed in on Magnachip Semiconductor (NYSE: MX) following reports Wednesday that LX Group is working with Carlyle Group on a joint bid. Yang believes a bid in the mid-$20s or above would be compelling enough for the company to accept due to a shrinking pool of potential buyers.
Going through the background of the DDIC industry dynamics, Yang notes that LX Group spun out of LG Group in May 2021 and holds one of Korea's largest fabless semiconductor companies LX Semicon. "LX Semicon... More
