Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
October 21 2016 - 6:04AM
Edgar (US Regulatory)
Filed by ChipMOS Technologies Inc.
Pursuant to Rule 425 of the Securities
Act of 1933
Subject Company: ChipMOS Technologies
Bermuda Ltd
(Commission File No.: 000-31106)
Contacts:
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In Taiwan
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
+886-6-507-7712
s.k._chen@chipmos.com
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In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com
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UPDATE: ChipMOS MERGER EXPECTED TO CLOSE
OCTOBER 31
Hsinchu, Taiwan, October 20, 2016
- ChipMOS TECHNOLOGIES
(Bermuda) LTD. (“ChipMOS Bermuda” or “Company” or “IMOS”) (Nasdaq: IMOS) today announced
it expects to close on October 31, 2016 the merger (the “Merger”) of ChipMOS Bermuda with and into its 58.3% owned
subsidiary ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”) (Taiwan Stock Exchange (“TWSE”): 8150).
Pursuant to the previously announced agreement and plan of merger,
dated January 21, 2016, by and between ChipMOS Bermuda and ChipMOS Taiwan (the “Merger Agreement”):
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ChipMOS Taiwan will be the surviving company after the Merger.
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In accordance with the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each common share of IMOS, par value US$0.04 per share (each, an “IMOS Share”, and collectively, the “IMOS Shares”), issued and outstanding immediately prior to the Effective Time will be cancelled in exchange for the right by each holder of such cancelled IMOS Shares to receive, with respect to each such IMOS Share,
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(i) 0.9355 American depositary share (each, a “ChipMOS Taiwan ADS”, and collectively, the “ChipMOS Taiwan ADSs”), each ChipMOS Taiwan ADS representing 20 common shares of ChipMOS Taiwan, par value NT$10 per share (each, a “ChipMOS Taiwan Share”, and collectively, the “ChipMOS Taiwan Shares”) (the “Share Consideration”), and
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(ii) US$3.71 in cash, without interest, net of any applicable withholding tax (the “Cash Consideration” and together with the Share Consideration and any cash-in-lieu payment of any fractional ChipMOS Taiwan ADS, the “Merger Consideration”).
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Trading is expected to be suspended in the common shares of
ChipMOS Bermuda on the NASDAQ Capital Market (“NASDAQ”) as of 4:00 p.m. (New York time) on Friday, October 28,
2016. NASDAQ notification to the U.S. Securities and Exchange Commission (the “SEC”) for the delisting of IMOS’s
registered securities is expected on Monday, October 31, 2016. ChipMOS Bermuda intends to terminate its reporting obligations
under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC after the closing of the Merger.
ChipMOS Bermuda’s obligation to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended
as of the filing date of the Form 15 and will cease once the deregistration becomes effective.
Trading of the to-be-issued ChipMOS Taiwan ADSs is expected
to commence on NASDAQ under the ticker symbol “IMOS” on Tuesday, November 1, 2016.
ChipMOS Taiwan Shares will continue to trade on the TWSE under
the current ticker symbol “8150.”
The Company expects to report financial results for the third
quarter of 2016 on Thursday, November 10, 2016 before the NASDAQ open (New York time).
This press release is not an offering of securities for sale
in any jurisdiction:
ChipMOS Taiwan filed a registration statement on Form F-4 with
the SEC in connection with the merger. The Form F-4 contains a prospectus, proxy statement for the merger and other documents.
In addition, certain participants in the merger filed with the SEC a Schedule
13E-3 transaction statement. These
documents contain important information about ChipMOS Taiwan and ChipMOS Bermuda, the merger
and related matters, including the terms and conditions of the transaction. IMOS Shares holders are urged to carefully read these
documents. The Form F-4, prospectus, proxy statement, Schedule 13E-3 and all other documents filed with the SEC in connection with
the merger are available, free of charge, on the SEC’s website at
www.sec.gov
and in the SEC section of the ChipMOS
Investor Relations website at www.chipmos.com. In addition, these documents will be made available, free of charge, to IMOS Shares
holders who make a written request to
irene_tsai@chipmos.com
.
This announcement is neither a solicitation of a proxy, an offer
to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any filings made with the SEC.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS Bermuda”
or the “Company”) (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly
and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in
Taiwan and Qinpu Industrial Zone in Shanghai, ChipMOS Bermuda and its subsidiaries provide assembly and test services to a broad
range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor
foundries.
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”) (Taiwan
Stock Exchange: 8150), was established in August 1997 and is an industry leading provider of semiconductor assembly and test services.
ChipMOS Taiwan is a leader in Taiwan’s IC packaging and testing industry and has one of the world’s largest LCD driver
capacity footprints for packaging and testing. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern
Taiwan Science Park in Taiwan and Qingpu Industrial Zone in Shanghai, ChipMOS Taiwan and its subsidiaries provide assembly and
test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers
and independent semiconductor foundries. For more details, please refer to ChipMOS Taiwan’s website
http://www.chipmos.com.tw
.
Forward-Looking Statements
Certain statements contained in this announcement may be
viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results
of operations of the Company to be materially different from any future performance, financial condition or results of operations
implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included
in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”)
and in the Company’s other filings with the SEC, including the Schedule 13E-3 transaction statement and the proxy statement
filed by the Company.
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