SIBLING RIVALRY:ASE said that its SPIL acquisition plans would see both companies delisted from the stock exchange and re-entering the market under a parent company
Date: May 17, 2016
By: Lisa Wang / Staff reporter
Siliconware Precision Industries Co (SPIL, 矽品精密) yesterday said it would consider negotiating a “friendly” takeover with its tenacious pursuer Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) in a gesture to soften its stance against an acquisition bid.
Reversing previous rejections, the world’s No. 3 chip tester and packager seems to want to adjust its posture in a practical way, two months after ASE put forward the idea of bringing SPIL under a bigger industrial holding company together with ASE.
“We oppose a hostile takeover. Friendly negotiations can bring about anything,” SPIL chairman Bough Lin (林文伯) told reporters on the sidelines of the company’s annual shareholders’ meeting yesterday. [FULL STORY]