IQE welcomes OFT decision to take no further action on Kopin acquisition
11 March 2013
Cardiff, UK. 11 March 2013: IQE plc (AIM: IQE, “IQE” or the “Group”), the leading global supplier of advanced semiconductor wafer products and wafer services to the semiconductor industry, welcomes the decision by the UK Office of Fair Trading (OFT) that the acquisition by IQE plc of US based Kopin Wireless does not create a relevant merger situation.
This follows consideration of the acquisition by the OFT and an invitation for interested parties to provide evidence related to whether the acquisition of Kopin Wireless qualified as a merger situation that would create a substantial lessening of competition in the UK.
Details of the decision will be announced on the OFT website in due course.
IQE plc (+44 29 2083 9400) Drew Nelson Phil Rasmussen Chris Meadows
Espirito Santo Investment Bank (+44 20 7456 9191) Richard Crawley James Staveley Alastair Maclachlan
Canaccord Genuity (+44 20 7523 8000) Simon Bridges Cameron Duncan
College Hill (+44 20 7457 2020) Adrian Duffield Kay Larsen