Chi Mei Optoelectronics (CMO) has said that its settlement with the US Department of Justice (DOJ) to resolve anti-trust allegations will not affect its plan to merge with Innolux Display.
But the company is looking to advance the merger to March 1, 2010 from the original schedule of April 30, CMO said.
CMO on Thursday (December 10) announced that it has agreed to pay a fine of US$220 million to resolve anti-trust allegations in the DOJ's ongoing price-fixing probe targeting LCD panel makers in Japan, Korea and Taiwan.
Asked if the settlement would result in a re-negotiation of the terms for the merger, Innolux said questions concerning the settlement should be handled by CMO, as the two companies have not yet merged.
But the company is looking to advance the merger to March 1, 2010 from the original schedule of April 30, CMO said.
CMO on Thursday (December 10) announced that it has agreed to pay a fine of US$220 million to resolve anti-trust allegations in the DOJ's ongoing price-fixing probe targeting LCD panel makers in Japan, Korea and Taiwan.
Asked if the settlement would result in a re-negotiation of the terms for the merger, Innolux said questions concerning the settlement should be handled by CMO, as the two companies have not yet merged.
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