Final bake-offs for the deal took place in Seoul yesterday Thursday between ABN AMRO, JPMorgan, Morgan Stanley, Salomon Smith Barney and UBS Warburg. Experts within the TFT-LCD industry say that alongside LG Securities, two international banks are likely to be chosen.
The offering is being driven by the hugely expensive and capital intensive nature of the TFT-LCD sector where new fabs cost in excess of $1.5 billion. The Koreans also continue to push ahead with new technological advancements at the expense of the Taiwanese, with the unstated aim of driving some of their smaller rivals out of the market.
Analysts says the Taiwanese are at least six...
