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BRIEF-Pacific Insight ‍confirms receipt of proposal from Shenzhen Kaizhong
September 7, 2017 / 12:48 PM / 2 months ago

BRIEF-Pacific Insight ‍confirms receipt of proposal from Shenzhen Kaizhong

Sept 7 (Reuters) - Pacific Insight Electronics Corp :

* Pacific Insight Electronics Corp - ‍confirmed that it received a written proposal from Shenzhen Kaizhong Precision Technology September 6​

* Pacific Insight Electronics Corp - ‍proposal from Shenzhen Kaizhong offering to enter into arrangement agreement with co to acquire all of co’s shares ​

* Pacific Insight Electronics Corp - ‍Kaizhong Proposal cannot be a “superior proposal” within meaning of agreement with Methode​

* Pacific Insight Electronics-‍directors of co, CEO unanimously confirmed, continue to support transaction with Methode as being in best interests of co Source text for Eikon: Further company coverage:

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