Navitas will spend $5,000,000 to buy Magnachip shares; that amount is small for Navitas and no strategic tie was described, so this does not change Navitas' outlook.
Navitas agreed to buy 1,461,988 Magnachip shares for $5,000,000. The cash outlay is small versus Navitas' $3.16B market value and no strategic partnership was announced, so this deal does not change Navitas' business view.
Magnachip agreed to issue and sell 1,461,988 shares to Navitas for $5,000,000, providing Magnachip with cash proceeds and a resale registration plan.
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