29 Dec '15, 4am
ASE says bid for more SPIL shares to take place as scheduled #DIGITIMES
ASE says bid for more SPIL shares to take place as scheduled Julian Ho, Taipei; Jessie Shen, DIGITIMES [Tuesday 29 December 2015] Advanced Semiconductor Engineering (ASE) has maintained that its plan to buy an additional 24.71% stake in SPIL through a tender offer will be carried out as scheduled. "In order to protect the rights and interests of SPIL shareholders, ASE will lawfully commence the tender offer on December 29, 2015 as previously announced," ASE said in a statement. SPIL said on December 28 its board of directors will agree to evaluate ASE's takeover proposal only if two conditions are met: termination of ASE's upcoming tender offer for more SPIL shares; and negotiations built on the basis of mutually agreed terms. ASE on December 14 proposed to acquire all outstanding shares of SPIL, but failed to receive a positive response from SPIL. Later in the month, ASE ...