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Wistron to Buy Lite-On's Monitor Group

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Wistron to Buy Lite-On's Monitor Group

Written by Mike Buetow

Tuesday, 29 April 2008

TAIPEI -- Wistron Corp. will buy Lite-On Technology's monitor business for $300 million in cash, the company said Tuesday.

The deal covers inventory, equipment, IP and personnel, but no manufacturing plants.

Wistron said more acquisitions would be in the offing and the firm has plans to move some manufacturing to Vietnam.

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