Markets

Stock Alert: Diodes Up 5% As China's Antitrust Authority Okays Lite-On Semiconductor Acquisition

(RTTNews) - Shares of Diodes Inc. (DIOD) are currently gaining nearly 5% after the company said it received approval from China's antitrust authority for acquisition of Lite-On Semiconductor.

DIOD is currently trading at $50.39, up $2.19 or 4.54%, on the Nasdaq.

Diodes said it received approval from the China's State Administration for Market Regulation to proceed with its planned acquisition of Lite-On Semiconductor.

The deal is expected to occur by the end of November of this year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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