ASE ignores SPIL request, will proceed with new tender offer

Focus Taiwan
Date: 2015/12/28
By: Jalen Chung and Lilian Wu

Taipei, Dec. 28 (CNA) Advanced Semiconductor Engineering Inc. (ASE, 日月光), 201512280034t0001the world’s largest IC packaging and testing company, said Monday it will proceed with its latest tender offer for an additional stake in Siliconware Precision Industries Co. (SPIL, 矽品) despite SPIL’s request that it suspend the offer immediately.

ASE announced on Dec. 22 that it would launch a second tender offer to acquire outstanding SPIL shares between Dec. 29 and Feb. 16, 2016 that will give it an additional 24.71 percent stake in the company.

ASE said that to protect the interests of SPIL shareholders, it will again buy shares and encourage its shareholders to take part in the offer.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.