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.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More