SE launches 2nd tender offer for Siliconware stake

Focus Taiwan
Date: 2015/12/22
By: Jalen Chung and Frances Huang

Taipei, Dec. 22 (CNA) Taiwan-based Advanced Semiconductor

ASE executives announce 2nd bid to acquire Siliconware stakes.

ASE executives announce 2nd bid to acquire Siliconware stakes.

Engineering Inc. (ASE, 日月光), the world’s largest integrated circuit packaging and testing service provider, announced Tuesday a tender offer to acquire an additional 24.71 percent stake in Siliconware Precision Industries Co. (矽品).

It is the second tender offer in four months by ASE to acquire Siliconware shares in a bid to boost ASE’s aggregate stake in Siliconware to 49.71 percent. Siliconware, which is also based in Taiwan, is the third-largest IC packaging and testing firm in the world.

The tender offer is scheduled to start Dec. 29 and will end Feb. 16, 2016 to acquire common shares and American depository receipts (ADRs) of Siliconware at NT$55 (US$1.67) per share. The tender offer needs approval from the Fair Trade Commission before it can kick off.

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