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Samsung Display Completes Acquisition Of Emagin

PRIVATEOct 18, 2023

Acquiring Company

Samsung Display

Acquired Company

eMagin Corporation

Yongin-siHopewell JunctionManufacturingManufacturingInformation Technology

Description

eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, today announced the completion of its acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, for $2.08 per share in an all-cash transaction valued at approximately $218 million.

Quick answer

Samsung Display is acquiring eMagin Corporation, announced October 18, 2023. Samsung Display is based in Yongin-si, South Korea.

How much did Samsung Display pay for eMagin Corporation?
The deal value was not disclosed.
What does Samsung Display do?
Samsung Display is a global leader of cutting-edge display solutions.
Where are Samsung Display and eMagin Corporation based?
Samsung Display is based in Yongin-si, South Korea. eMagin Corporation is based in Hopewell Junction, New York, United States.

Source: Fundz verified event record.

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Company Information

Company

Samsung Display

Location

Yongin-si, South Korea

About

Samsung Display is a global leader of cutting-edge display solutions. The company diversifies display applications not only for smartphones, TVs, laptops, and monitors, but also smartwatches, game consoles and automotive applications and has close partnerships with a variety of global manufacturers. Samsung Display is leading the foldable display market based on its innovative technology, enabling the world’s first mass-production of OLED and Quantum Dot-OLED, and endeavors to develop next-generation technology such as slidable, rollable, and stretchable displays to provide new experiences and possibilities to consumers. Samsung Display prioritizes environmental and social values throughout the entire process of product manufacturing. The company will further evolve into a sustainable company dedicated to the development and happiness of humanity. For more information, please visit https://www.samsungdisplay.com /eng/index.jsp or https://global.samsungdisplay.com.

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Frequently asked

Who acquired eMagin Corporation?

eMagin Corporation was acquired by Samsung Display, based in Yongin-si. The deal was reported on October 18, 2023. Samsung Display is a global leader of cutting-edge display solutions. Samsung Display is privately held and operates in Manufacturing.

When did Samsung Display acquire eMagin Corporation?

Samsung Display's acquisition of eMagin Corporation was reported on October 18, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does eMagin Corporation do?

eMagin Corporation is a leader in organic light emitting diode (OLED) microdisplays and virtual imaging technologies. It is privately held, operating in Manufacturing, and is based in Hopewell Junction.

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