Siliconware promises to respond to ASE’s tender offer within 10 days

Focus Taiwan
Date: 2015/12/30
By: Jalen Chung and Frances Huang

Taipei, Dec. 30 (CNA) Siliconware Precision Industries Co. (矽品), Taiwan’s second largest integrated circuit packaging and testing services provider, said Wednesday that it will respond within 10 days to a tender offer proposed by Advanced Semiconductor Engineering Inc. (ASE, 日月光) for an additional stake.

Siliconware, which last week described ASE’s tender offer as “hostile,” said in a filing with the Taiwan Stock Exchange that it had received a prospectus on the tender offer and related documents from ASE, and will hold a screening meeting within 10 days and respond to the buy-out offer before Jan. 9 next year.

ASE is the largest IC packaging and testing firm in the world, ahead of U.S.-based Amkor Technology Inc. and Siliconware.     [FULL  STORY]