BenQ won't accept takeover bids, rejects chairman's resignation

Tom's Hardware > News > BenQ won't accept takeover bids, rejects chairman's resignation

BenQ won't accept takeover bids, rejects chairman's resignation

09:34 - Wednesday 21 March 2007 by Humphrey Cheung
Source: Tom's Hardware – Keywords: benq, rejecting, takeover, bids Category : Miscellaneous

BenQ’s executive vice president Jerry Wang says the company won’t accept any hostile takeover bids. In the past few days, there has been a high turnover of BenQ shares on the Taiwan Stock Exchange. This has led some to speculate that BenQ could be in play.

The company also said that it has rejected Chairman KY Lee’s resignation. Lee wanted to "fall on his sword" so to speak for almost $1 billion dollar in losses in 2006, but the board of directors still have continued trust in his leadership.