AVX Corporation (AVX) is a manufacture of advanced electronic components, sensors and antenna solutions. It is especially known for ceramic capacitors.
AVX has received a higher offer of $21.75 per share in cash from KYOCY, a major Japanese company. The board of AVX has approved the transaction. KYOCY expects the transaction to close at the end of March 2020.
This is the 154th buyout of an Arora portfolio company.
What To Do Now
The stock is trading at $21.69 as of this writing. There is still a small probability of a higher offer.