PREVENTIVE MEASURES: It is difficult to estimate the full effects of the US-China trade war on the end market, while growing uncertainties are likely to diminish investment

Taipei Times
Date: Aug 02, 2018
By: Ted Chen  /  Staff reporter

Delta Electronics Inc (台達電) yesterday said that it would continue to seek acquisition targets to diversify its production base to mitigate the effects of the escalating US-China trade war.

The company approved a conditional voluntary tender offer through its subsidiary Delta Electronics Int’l (Singapore) Pte to wholly acquire outstanding shares of Delta Electronics (Thailand) Public Co (DET) to bolster its global manufacturing reach and to boost sales in Southeast Asia.

Delta Electronics, which holds a 20.93 percent stake in DET through its Singaporean subsidiary, is looking to spend up to US$2.14 billion to acquire all of the remaining shares in its Thailand-listed associate company at 71 baht per share, representing a 15 percent bid premium.    [FULL  STORY]