SHARES IN FOCUS: Wafer deal drives Siltronic and Wacker Chemie up | 11/30/20


FRANKFURT (dpa-AFX) – The prospect of a multi-billion dollar takeover in the wafer manufacturer sector has resulted in strong price gains at the beginning of the week. Siltronic shares soared on Monday on Tradegate by ten percent to 125 euros. The Taiwanese counterparty GlobalWafers is offering 125 euros per Siltronic share or a total of 3.75 billion euros.

The talks were about to be concluded, Siltronic announced. WACKER CHEMIE, which holds just under a third of Siltronic shares, rose 4.5 percent before the market. GlobalWafers’ share price in Taiwan had jumped nearly ten percent to its highest level in more than two years and had also pulled other names in the industry like Shin-Etsu and Sumco up with it.

A trader warned, however, that the federal government could still oppose the deal. The federal government could see this as another sell-out of key technology and try to prevent it. There is also the question of how Wacker Chemie uses the proceeds from sales.

For Wacker Chemie as a major shareholder in Siltronic, analyst Markus Mayer from Baader Bank saw his positive stance confirmed. The acquisition of Siltronic valued Wacker Chemie’s stake at 1.156 billion euros, resulting in a higher valuation of Wacker shares of 8 euros per share. Mayer therefore continued to recommend buying./bek/fba

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