Samsung's Cheil Industries is also considering a bid for Novaled

The Wall Street Journal reports that both Doosan and Samsung's Cheil Industries are considering to acquire Novaled. Two weeks ago we reported that Doosan wants to buy Novaled for $270-360 million, but now it seems that Samsung is also interested in the German OLED material maker.

The report suggests that Cheil hasn't yet decided to submit a bid, and may actually only offer to buy a stake in Novaled. 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.

Disclosure: Novaled is an OLED-Info sponsor

Posted: Apr 02,2013 by Ron Mertens