BAD OEYNHAUSEN, GERMANY –  Several leading EMS companies have approached Balda AG, a maker of cellphone parts, for a possible strategic partnership, a local German newspaper reported.

Flextronics International, Asustek Computer, Quanta Computer and Foxconn International Holdings are interested in Balda's production of touchscreen components, a technology used in Apple's iPhone, the newspaper reported.

Among the reported options is a complete takeover of Balda. As a first step, the potential Balda partner may acquire a 29% stake to avoid having to make a mandatory offer to all shareholders under German law, according to the report.
 
Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account