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Live Oak Acquisition Corp. II (NYSE: LOKB) announced an extension of its tender offer to acquire all ordinary and preferred shares of Navitas Semiconductor Limited until October 15, 2021. As of September 17, 2021, approximately 94.3% of ordinary shares and nearly all preferred shares have been tendered. The business combination aims to integrate Navitas, enhancing value for shareholders. However, the agreement remains subject to conditions outlined in the prior Offer to Acquire.
Live Oak Acquisition Corp. II (NYSE: LOKB) has extended its tender offer to acquire Navitas Semiconductor Limited until September 17, 2021, at 11:59 p.m. New York City time. The acquisition is part of a Business Combination Agreement dated May 6, 2021. As of August 20, 2021, approximately 96.9% of ordinary shares and 99.7% of Series A preferred shares have been tendered. Live Oak II’s goal is to effect a merger to enhance shareholder value.
