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Magnachip stock soars on $1.4B go-private deal with Wise Road Capital

  • Magnachip Semiconductor (NYSE:MX) has entered a definitive agreement to be acquired by Wise Road Capital in a go-private transaction valued at $1.4B, a 75% premium to Magnachip's three-month volume-weighted average share price.
  • MX shares are up 31% pre-market to $26.71.

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Magnachip Semiconductor Corporation