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BRIEF-Magnachip announces proposed $65 mln private offering
January 10, 2017 / 9:39 PM / a year ago

BRIEF-Magnachip announces proposed $65 mln private offering

Jan 10 (Reuters) - Magnachip Semiconductor Corp -

* Magnachip announces proposed $65 million private offering of exchangeable senior notes and stock repurchase

* Plans to use net proceeds for its anticipated cost reduction program to be implemented during first half of 2017

* Magnachip Semiconductor Corp says board of directors of company also authorized a stock repurchase program Source text for Eikon: Further company coverage:

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