PETALING JAYA: Inari Amertron Bhd
’s decision to terminate its proposed acquisition of Lumileds International is seen as a near-term positive, as it removes a key earnings overhang despite lingering operational headwinds, says CIMB Research.
The deal, which involved a joint acquisition with Sanan Optoelectronics Co Ltd, was called off after the Committee on Foreign Investment in the United States (CFIUS) raised unresolved national security concerns and requested the withdrawal of the filing.
CIMB Research noted the exit eliminates any exposure to Lumileds’ loss-making operations.
Based on publicly available figures, Lumileds recorded net losses of US$67mil in the financial year 2024 (FY24) and US$17mil in the first quarter of 2025.
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