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(Reuters) - Taiwanese electronic component company Yageo Corp plans to acquire U.S. rival Kemet Corp in a $1.8 billion deal aimed at expanding its global footprint, the two companies said.Yageo’s global footprint would increase with additional operations in North America, Europe and Asia, the companies said in a joint statement.Citi served as financial adviser to Yageo and Simpson Thacher & Bartlett LLP and Tsar & Tsai Law Firm in Taiwan acted as legal advisors.Yageo will offer $27.20 per Kemet share, representing an 18% premium to Monday’s closing share price.The deal is expected to close in the second half of 2020 and would result in combined annual revenues of about $3 billion, the companies said. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements.KEMET will host a conference call and webcast tomorrow, November 12, 2019, at 8:00 a.m. EST to discuss the transaction and results for the second quarter ended September 30, 2019.Pierre Chen, Chairman and Chief Executive Officer of Yageo, said, “KEMET has remarkable technology innovation capabilities and a proven track record of integrating cross-border acquisitions. Holding more than 1,600 patents and trademarks worldwide, KEMET has established a leading position for its products via its advanced R&D and technical staff and design-in capabilities. Nach der Übernahme wird Yageo weltweit über 14 R&D Center und 42 Produktionsstätten verfügen. Yageo Corp. and Kemet Corp. today announced that they have entered into a definitive agreement under which Yageo will acquire all the outstanding shares of Kemet’s common stock for US$27.20 per share in an all-cash transaction valued at US $1.8 billion, including the assumption of net debt.. In connection with the proposed transaction, KEMET will file with the SEC a proxy statement (and related white proxy card) on Schedule 14A and may file or furnish other documents with the SEC regarding the proposed transaction. This press release is not a substitute for the proxy statement or any other document which KEMET may file with the SEC. Additional information about KEMET can be found at http://www.KEMET.com.The transaction is not subject to a financing contingency. Participants should reference "KEMET Corporation" and Conference ID #9085025. The combined company will have an enhanced global footprint and be better able to partner with long-standing, blue chip customers worldwide through a combined 42 manufacturing plants and 14 dedicated R&D centers.The purchase price represents a premium of 26% to KEMET’s volume weighted average price (“VWAP”) for the last 30 trading days and 37% to its VWAP for the last 90 trading days.KEMET and its directors and executive officers may be deemed to be participants in the solicitation of proxies from KEMET’s stockholders in connection with the proposed transaction. Actual results could differ materially based on factors including, but not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (ii) the risk that KEMET stockholders may not approve the proposed transaction; (iii) the risk that Yageo stockholders may not approve the proposed transaction (if approval by Yageo’s stockholders is required by law); (iv) the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; (v) inability to complete the proposed transaction because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived; (vi) uncertainty as to the timing of completion of the proposed transaction; (vii) potential adverse effects or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (viii) potential litigation relating to the proposed transaction that could be instituted against KEMET, Yageo or their respective directors and officers, including the effects of any outcomes related thereto; or (ix) possible disruptions from the proposed transaction that could harm KEMET’s or Yageo’s business, including current plans and operations.Citi is serving as financial advisor to Yageo, and Simpson Thacher & Bartlett LLP and Tsar & Tsai Law Firm in Taiwan served as legal advisors.