Samsung Again Extends Tender Offer for AST Research Shares

Samsung Electronics Co. Ltd. said Thursday that it is again extending its cash tender offer for up to 5.82 million shares of Irvine computer company AST Research Inc., this time until July 10, to accommodate a special AST stockholders meeting June 30.

The tender offer, which has been extended several times since Samsung initiated it in March, is for $22 a share. At the completion of the deal, the South Korean electronics firm would own 40.25% of the outstanding common shares of AST.

On Wednesday, after a review by the U.S. Securities and Exchange Commission related to the offer, AST announced it was reducing last year’s previously reported income by $22.2 million to reflect problems at a Texas computer factory it bought.