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), the 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]