WT Buys Future Electronics for $3.8 Billion Amid Founder Probe

Taiwan’s WT Microelectronics Co. struck a $3.8 billion deal to acquire Future Electronics Inc., a closely held distributor of electronic components whose founder left his executive role after being accused of sexual misconduct.

Future’s fate has been in question since an investigation published earlier this year by Radio-Canada and Canadian Broadcasting Corp. that accused its octogenarian founder and controlling shareholder, Robert G. Miller, of soliciting minors for sex.

In February, Miller stepped down as chief executive officer of Future, which is based in a suburb of Montreal. He has denied the allegations. “Mr. Miller refuted them as soon ...