ON THE LOOKOUT:Sigurd Microelectronics Corp chairman Sidney Huang said the company would continue to seek more M&A opportunities to accelerate its growth
Date: Dec 25, 2015
By: Lisa Wang / Staff reporter
Local chip testing and packaging service provider Sigurd Microelectronics Corp (矽格) yesterday said it would launch a tender offer to fully acquire smaller rival Test-Serv Inc (誠遠科技) in a sign of continued consolidation in the nation’s semiconductor industry.
The NT$1.4 billion (US$42.42 million) deal also marks the latest merger and acquisition (M&A) activity in the chip testing and packaging sector.
Sigurd plans to buy all 80.2 million shares of Test-Serv at NT$17.5 per share, representing a 19.86 percent premium compared with the stock’s closing price of NT$14.6 yesterday.
“Sigurd believes this strategic alliance will help boost our market share, allowing the company to become the nation’s No. 1 or No. 2 player in the power management IC testing market,” Sigurd chairman Sidney Huang (黃興陽) told a media briefing. [FULL STORY]