Inari’s new billion-ringgit deal gets mixed reception


PETALING JAYA: Shares of Malaysia’s largest semiconductor company, Inari Amertron Bhd, fell yesterday as analysts cautioned on the plan to jointly acquire Netherlands’ loss-making Lumileds International for US$239mil.

Maybank Investment Bank Research (Maybank IB) said the joint acquisition with China’s Sanan Optoelectronics Co Ltd has limited earnings visibility.

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