[New post] Taiwan chip packager SPIL urges shareholders to reject rival’s offer

sskarthik posted: "Taiwan chip packaging firm Siliconware Precision Industries Co Ltd (SPIL) urged shareholders on Thursday to reject a bid by larger rival Advanced Semiconductor Engineering Inc (ASE) to buy a stake, saying the at least T$30 billion ($924 million) offer pri" Respond to this post by replying above this line New post on SKarthik.info Taiwan chip packager SPIL urges shareholders to reject rival’s offer by sskarthik Taiwan chip packaging firm Siliconware Precision Industries Co Ltd (SPIL) urged shareholders on Thursday to reject a bid by larger rival Advanced Semiconductor Engineering Inc (ASE) to buy a stake, saying the at least T$30 billion ($924 million) offer price was too low. SPIL, the world's third-largest chip packager, said the offer by ASE to buy a 25 percent stake in the open market was purely opportunistic and undervalued the company. "The offer lacks a reasonable acquisition premium, grants significant leverage to ASE to impact future strategic decisions, and creates significant uncertainty for the Company and its shareholders," SPIL said in a statement. Read more... sskarthik | September 10, 2015 at 4:57 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3jdn Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/10/taiwan-chip-packager-spil-urges-shareholders-to-reject-rivals-offer/ Thanks for flying with WordPress.com