Jones Day is advising Synaptics Incorporated in its $120 million divestiture of its Asia-based mobile LCD TDDI Business to a special purpose entity backed by Hua-Capital Cayman, L.P.
Synaptics Incorporated (NASDAQ: SYNA), the leading developer of human interface solutions, today announced it has signed a definitive agreement to divest its Asia-based, mobile LCD TDDI business to Hua Capital, through a special purpose entity backed by Hua-Capital Cayman, L.P., for $120 million in cash.
The transaction has been approved by Synaptics’ board of directors and by Hua Capital, is subject to customary closing conditions, and is expected to close in calendar Q2, 2020.
The Jones Day team was led by Michael Reagan (Picture).
Involved fees earner: Micheal Reagan – Jones Day;
Law Firms: Jones Day;
Clients: Synaptics Inc.;