MORE: ASE Expects to Acquire SPIL Even After Tender Offer Fails

Advanced Semiconductor Engineering expects to continue its acquisition of Siliconware Precision once it gets Taiwan Fair Trade Commission approval, co. says in statement.

  • Co. said tender offer started on Dec. 29 for common shares of SPIL was unsuccessful as co. did not receive approval from FTC for proposed combination before expiration date
  • Over 27.57% of SPIL shareholders participated in tender offer: statement
  • ASE has instructed its tender agents to return all shares to participating SPIL shareholders as soon as possible: statement
  • ASE’s determination to seek integration with SPIL has not changed: statement
  • ASE plans to establish and list in Taiwan an industrial holding company which will separately hold 100% equity interests in both ASE and SPIL, allowing both cos to become parallel sibling cos under the same holding company; all current operations of ASE and SPIL in Taiwan will be maintained: statement
  • Newly established industrial holding co. can be expected to strengthen resource consolidation in Taiwan’s semiconductor packaging and testing and related industries, and become a new innovation platform for the industry: statement
  • NOTE: Fair Trade Commission is still arranging public hearings on the deal requested by legislators before making

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