‘SERIOUS WORRY’:Analysts said in the event of a merger, order loss would be certain and could lead to an exodus of executives and engineers from SPIL, possibly to China
Date: Mar 19, 2016
By: Lisa Wang / Staff reporter
Advanced Semiconductor Engineering Inc’s (ASE, 日月光半導體) renewed attempt to buy out Siliconware Precision Industries Co (SPIL, 矽品精密) via a holding company does not sound convincing to clients and industry experts, an analyst said yesterday.
ASE’s move came as it aims to clinch a merger with SPIL after the world’s biggest chip packager suffered a setback in its second tender offer to boost its holding in SPIL to a controlling 49 percent stake, from 25 percent.
The unsuccessful takeover bid — coming after ASE failed to obtain permission from the Fair Trade Commission (FTC) to buy the additional stake in SPIL as of the expiration date on Thursday — also thwarts ASE’s ultimate goal to fully acquire its smaller rival. [FULL STORY]