eMagin: eMagin to Merge with Samsung Display

eMagin Corp., a designer and manufacturer of active-matrix OLED microdisplays for high-resolution, augmented reality/virtual reality and other near-eye imaging products, will merge with Samsung Display Co. Ltd. Under the terms of the agreement, all outstanding shares of eMagin common stock on a fully diluted basis will be acquired for $2.08 per share in cash, in a transaction worth approximately $218 million. eMagin uses a direct patterning technique to make its active-matrix organic LED microdisplays. The technique produces red, green, and blue light-emitting layers on a substrate to eliminate the need for color filters, which are commonly used in microdisplay architectures. The company reported full-year 2022 revenue of $30.5...