LX Group collaborated with the Carlyle Group private equity fund manager to propose a takeover offer for Magnachip Semiconductor Corp, a media reported.
LX Group recently submitted a letter of intent to acquire Magnachip Semiconductor to JP Morgan in the United States.
The industry valued Magnachip at $1.2 billion (1.5 trillion won). Magnachip agreed on a deal with a Chinese PEF at $1.4 billion (about 1.8 trillion won).
The industry expects LX Group to raise $600 million and Carlyle Group to acquire Magnachip with $300 million.
Magnachip, a mid-sized system semiconductor company, has negotiated with major domestic investors after negotiations with a Chinese investor failed last year….