Siliconware says ASE offer too low; deal raises anti-trust concerns

Focus Taiwan
Date: 2016/01/07
By: Jalen Chung and France Huang

Taipei, Jan. 7 (CNA) Siliconware Precision Industries Co. (矽品), the second largest integrated circuit packaging and testing services provider in Taiwan, said Thursday that the acquisition price offered by Advanced Semiconductor Engineering Inc. (ASE, 日月光) for a stake in Siliconware is too low.

In addition, Siliconware said that the tender offer which aimed to boost ASE’s stake in Siliconware to almost 50 percent will pose the risk of potentially violating anti-trust laws.

ASE kicked off a tender offer on Dec. 29, its second tender offer in four months, to buy an additional 24.71 percent stake in Siliconware to boost its holding to 49.71 percent from the current 25 percent it acquired in the first tender offer.     [FULL  STORY]