Elitegroup Computer Systems, the best performing stock this year on the Taiwan stock exchange, will pay US$234 million in shares and assumed debt to buy Alpha-Top in order to make iBooks, according to
Alpha-Top makes iBooks, which account for more than 90 percent of its sales. Elitegroup, a computer circuit board maker, will issue 55.8 million new shares to buy the 80 percent of Alpha-Top it doesn’t already own, the company said in a statement.
“Elitegroup is buying Alpha-Top to tap into the fast growing notebook computer market,” Tony Mai, an analyst at Barits Securities, said in the Bloomberg article. “Alpha-Top’s existing business relations with Apple Computer and its iBook orders are invaluable.”
Headquartered in Taiwan, Elitegroup Computer Systems (ECS) has operations in North America, Europe and the Pacific Rim. It’s recognized as one of the major mainboard companies in the world.