Deals
GlobalWafers Agrees to Buy Siltronic for About $4.5 Billion
- Purchase boosts GlobalWafers’ capability in 5G and IoT: CEO
- Deal adds to a record year for global semiconductor industry
This article is for subscribers only.
Taiwan’s GlobalWafers Co. agreed to acquire German silicon wafer manufacturer Siltronic AG for about 3.75 billion euros ($4.53 billion), yet another deal in a record year for the global semiconductor industry.
GlobalWafers will pay 125 euros a share, a 10% premium to Siltronic’s closing price Nov. 27, the day before public disclosure of acquisition talks, the companies said Wednesday in a statement. The two companies had disclosed earlier they were in discussions, sending shares in both companies surging.