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ASE Offers to Purchase Rest of SPIL Shares

By Vincent Wang
Published: Dec 15,2015

Taiwan — Mergers and acquisitions take place again. Advanced Semiconductor Engineering Inc. (ASE) on Monday proposed acquiring the remaining 75 percent of rival Siliconware Precision Industries Co. (SPIL) for US$4 billion in cash, as a countermeasure to SPIL’s planned sale of stock to China’s Tsinghua Unigroup.

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As a matter of fact, ASE currently holds about a 25 percent stake in SPIL. ASE’s offer of NT$55 per SPIL share is the same as Tsinghua Unigroup’s offer.

On the other hand, ASE’s proposal came after SPIL, the world’s second-largest chip packager and tester on Friday.

In addition, the company said it and its subsidiary ChipMOS Technologies Inc. had each agreed to sell a 25 percent stake to Tsinghua Unigroup for a combined NT$68.7 billion. Tsinghua Unigroup would be the largest shareholder in SPIL if the deal goes through.

Furthermore, Tsinghua Unigroup would be the largest shareholder in SPIL if the deal goes through.

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