Doosan decided not to acquire Novaled

Two months ago we reported that Korea's Doosan wants to buy Novaled for $270-360 million. Later it was reported that Samsung's Cheil Industries is also interested in buying Novaled (or acquiring a part of it). Now Doosan announced that it decided not to acquire Novaled after all.

We do not know whether Cheil Industries is still on track to purchase the company or now. Samsung is already a shareholder in Novaled. A year ago Novaled announced plans for an IPO on the NASDAQ with an aim to raise $200 million, perhaps this will be Novaled's move after all.

Novaled has been an OLED-Info sponsor for several years now, and I hope them the best of luck!

Posted: May 11,2013 by Ron Mertens