Taiwanese and South Korean companies are really starting to flex their muscles in the computer industry, and following Daewoo’s acquisition of Leading Edge Products, Acer Corp’s purchase of Counterpoint, and sundry other smaller deals and investments, display terminal and microcomputer maker Wyse Technology Inc, San Jose announced that it has agreed to be acquired by Channel International Corp, an investor group based in Taipei, Taiwan, for $10 a share. The principals of Channel International include personal computer maker Mitac Group; China Trust Group, a private firm whose principal operations include China Trust Corp and Taiwan Cement; Taiwan’s Development Fund; Grand Pacific Pet-rochemical; and USI Far East Corporation. The proposed new owners say Channel contemplates no significant near-term changes in Wyse’s product lines or its approach to the business. The investor group has contributed $120m in equity to finance the transaction. Channel has a commitment from Algemene Bank Neder land NV for up to $90m in senior financing.
