On January 6, 2010, the merger of Taiwanese display panel manufacturers Innolux, CMO, and TPO Displays was approved by the respective companies' shareholders' meetings, Taiwan's Commercial Times reported. The deal was first floated in November 2009 and was cleared by Taiwan's Fair Trade Commission in December. Innolux is expected to acquire CMO and TPO via stock swaps in a deal valued at approximately NT$192.0 billion (US$6.0 billion; US$1=NT$31.9). Originally slated for completion by the end of April 2010, the date has been pushed ahead to March 1, according to a China Times report on January 7. In order to facilitate the transaction, it is expected that CMO's stock will be delisted in February.