ASE, SPIL target holding company

Taipei Times
Date: May 25, 2016
By: Lisa Wang / Staff reporter

Advanced Semiconductor Engineering Inc (ASE, 日月光半導體), yesterday said it is in talks with Siliconware Precision Industries Co (SPIL, 矽品精密) to create a joint-venture holding company in a last-ditch attempt to push for a merger of the two firms.

ASE’s proposal, if accepted, would put an end to a nine-month ownership fight, as SPIL has resisted a “hostile” takeover bid by the world’s biggest chip tester and packager.

“The company has talked to SPIL about the feasibility of forming a joint holding company. We have also exchanged views [about the proposal],” ASE said in a statement.

The company plans to make a formal announcement after the two sides reach an agreement and receive approvals from their respective boards, ASE said in the statement.     [FULL  STORY]

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