Brookfield’s Photronics Inc. says it will pay between $25 million to $30 million to acquire the remaining quarter stake in the Brookfield photo mask maker’s Taiwan subsidiary.
Photronics said the first step is de-listing Photronics Semiconductor Mask Corp.’s stock from Taiwan’s GreTai stock exchange.
Once that happens, the company says it will launch a tender offer for the remaining 25 percent outstanding stock in PSMC.
The deal is expected to close by summer.
Like its parent, PSMC makes photo masks are used for engraving tiny electronic pathways onto silicon wafers and flat-panel displays.
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PSMC’s product is sold to Asian customer, a Photronics spokesman said Wednesday.
