Changjiang Electronics Offers $780 Million for Stats ChipPac
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Jiangsu Changjiang Electronics Technology Co., China’s biggest chip tester, offered $780 million to acquire unprofitable Singaporean competitor Stats ChipPac Ltd.
JCET will begin 30-day exclusive talks to acquire Stats ChipPac after making a non-binding offer for the company, the target said in a stock exchange filing today. The deal won’t include Stats ChipPac’s units in Taiwan, the filing showed.