GlobalWafers Increases Siltronic Bid
By Joshua Kirby
GlobalWafers Co. said Friday that its subsidiary has increased
its all-share takeover offer for Siltronic AG, while all other
conditions remain unchanged.
The Taiwanese industrial manufacturer said subsidiary
GlobalWafers GmbH's increased offer of 140 euros ($170.34) a share,
from EUR125 previously, represents a 66% premium to the 90-day
volume weighted average Xetra price as of Nov. 27.
The price increase is a result of market purchases of Siltronic
shares on Jan. 21, GlobalWafers said.
Last month, the company reached a deal with Wacker Chemie AG to
buy the German chemical company's entire stake of around 30.8% in
Siltronic at the previous price.
As before, the acceptance period for the offer will expire at
midnight on Jan. 27, GlobalWafers said.
Write to Joshua Kirby at email@example.com;
(END) Dow Jones Newswires
January 22, 2021 04:16 ET (09:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.