Monday, November 30, 2015

Planar Completes Merger With Leyard Optoelectronics

Beaverton, Oregon-based digital signage and electronics developer Planar has complted its merger with UK-based Leyard Optoelectronics Co., Ltd., a developer of LED display products, the company said Friday. Planer is being acquired by Leyard American Corporation, which is a subsidiary of Leyard Optoelectronics. The deal was announced on August 12th, and is worth approximately $156.8M. Planar was advised by BofA Merrill Lynch and Perkins Coie in the deal; Leyard was advised by Roth Capital partners and Sherman & Sterling LLP.