ASE tender offer harmful to Taiwan: Siliconware Precision

Focus Taiwan
Date: 2016/02/16
By: Jalen Chung and Lilian Wu

Taipei, Feb. 16 (CNA) Siliconware Precision Industries Co. (SPIL, 矽品) has branded a second tender offer to buy its shares by bigger rival Advanced Semiconductor Engineering Inc. (ASE, 日月光) as a move that will hurt Taiwan and its IC backend services industry.

SPIL, Taiwan’s second largest IC packaging and testing company behind ASE, also argued on Monday that a possible merger between the two companies would hurt the country’s economic development.

It was SPIL’s latest public condemnation of a second tender offer by ASE to buy another 25 percent stake in SPIL, which began late last year and will run through March 17, and is seen by many as an attempt at a hostile takeover.     [FULL  STORY]