Himax to Sell Equity Interests for $80M
Himax announced that one of its equity-method investees, a technology startup company, had entered into a definitive agreement under which all of its equity interests will be acquired by an independent third-party semiconductor technology company for a total purchase price of $80M in cash, subject to adjustments based on net working capital and net cash at closing. Himax currently holds approximately 31% of the investee's fully diluted equity interests. Based on the company's preliminary assessment, Himax estimates that the transaction will result in a pre-tax gain on disposal of approximately $23M to $24M upon closing. The estimated gain is based on the estimated carrying value of the investment and remains subject to final purchase price adjustment. The proposed transaction remains subject to customary closing conditions, regulatory approvals, and other conditions set forth in the definitive agreement, and is expected to close in the fourth quarter of 2026. Himax will continue to monitor the progress of the transaction and will evaluate the related financial impact in accordance with applicable accounting standards upon completion.
