Asian Legal Business: ALB June 2023 (Asia Edition)
May 23, 2023
O’Melveny advised Samsung Display Co., Ltd, a subsidiary of Samsung Electronics Co., Ltd. and manufacturer of display products, on its definitive merger agreement to acquire eMagin Corporation (NYSE: EMAN), a US-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR, and other near-eye imaging products, for approximately US$218 million in cash. The transaction was announced on May 17 and is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions.
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