Global law firm White & Case LLP has advised Suzhou Dongshan Precision Manufacturing Co., Ltd. ("DSBJ") (SZSE: 002384), one of the largest suppliers of precision sheet metal components headquartered in Suzhou, China, in its $610 million acquisition of Multi-Fineline Electronix, Inc. (NASDAQ: MFLX), an Irvine, CA based global provider of high-quality, technologically advanced flexible printed circuits and assemblies.
Under the terms of the agreement, MFLEX stockholders will receive $23.95 in cash for each share of MFLEX common stock held at the close of the transaction. The transaction will be funded by DSBJ through a combination of cash on hand, existing credit facilities and new debt financing, and is not subject to a financing condition.
The transaction, which is expected to close in the third quarter of fiscal 2016, is subject to approval by MFLEX and DSBJ stockholders, regulatory approvals and other customary closing conditions.
The White & Case team was led by partners Chang-Do Gong (NY) and Peggy Wang (HK) and associates Michael Elliott (NY) and Tess Fang (HK).
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