AI/AR imaging company Perfect Corp. evaluating options to go private

GaryPageau
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Perfect Corp., the company offering AI and AR powered solutions to beauty, fashion, photo and video creative industries, announced its board of directors has formed a special committee consisting of three disinterested, independent directors, namely Philip Tsao, who will serve as the chairman of the Special Committee, Chung-Hui (Christine) Jih and Meng-Shiou (Frank) Lee, to evaluate and consider the preliminary non-binding proposal letter, receivedMarch 18, 202 from the consortium formed by CyberLink International Technology Corp. and Alice H. Chang, chairwoman of the board and CEO of Perfect and her controlled entities, that proposes a “going-private” transaction for US$1.95 per ordinary share in cash.

The Special Committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. No decisions or recommendations have been made.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.