Planar Systems, Inc. announced today that it has agreed to be acquired by Leyard Optoelectronic Co., Ltd., a leading Chinese provider of fine pitch LED video wall systems. Leyard will purchase all outstanding shares of Planar stock paying $6.58 per share, valuing the deal at $156.8 million. This represents a 42% premium over the value of the stock at closing before the deal was announced.
Planar Systems, Inc. announced today that it will show a new transparent OLED technology this month at Integrated Systems Europe (ISE) 2015 this month. Calling themselves “a pioneer in this next wave of transparent display” Planar will show what looks to be an impressive 55″ prototype display with stunning OLED image on a transparent screen.