GlobalWafers again increases offer for Siltronic shareholders | 01/23/21

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 The  Taiwanese chip supplier GlobalWafers has again increased its takeover offer for the German wafer manufacturer Siltronic.

Instead of the previous 140 euros, 145 euros per share would now be offered for all outstanding Siltronic ordinary shares, GlobalWafers announced on Saturday. This is now the “final takeover offer”, it said. GlobalWafers only increased the offer from 125 to 140 euros on Friday.

All other conditions of the takeover offer remained unchanged. © www.de24.news

 The  shareholders can continue to consider whether to accept the offer until January 27th. Wafers are thin slices of silicon that serve as a base plate for electronic components.

© www.de24.news

 The  major shareholder WACKER CHEMIE had already contractually agreed in December that it would sell its almost 31 percent stake in Siltronic, which would bring almost 1.2 billion euros into the cash register. In addition, GlobalWafers announced a minimum acceptance threshold of 65 percent in December. According to the announcement on Friday, the group currently holds 4.53 percent of Siltronic.

In the event of a successful takeover, GlobalWafers had announced that German Siltronic locations would be protected against closings until the end of 2024, as would employees in Germany against redundancies.

/brd/DP/nas

MUNICH (dpa-AFX)





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https://www.finanzen.at/nachrichten/aktien/globalwafers-erhoeht-angebot-fuer-siltronic-aktionaere-nochmals-1029995904

GlobalWafers increases offer Siltronic shareholders

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