GlobalWafers starts extra period for Siltronic bid
By Lisa Wang / Staff reporter
GlobalWafers Co Ltd (環球晶圓), the world’s No. 3 supplier of silicon wafers, yesterday said it has started the additional acceptance period for its all-cash tender for Siltronic AG after achieving the minimum acceptance threshold of 50 percent.
The Hsinchu-based wafer maker said it had reached 56.92 percent in the voluntary public tender offer during the main offer period from Dec. 21 last year to Thursday last week.
That helped boost GlobalWafers and its wholly-owned subsidiary GlobalWafers GmbH’s combined Sitronic shareholding to 13.6 percent, from 6.06 percent, according to the company’s filing with the Taiwan Stock Exchange yesterday. The tender offer is conducted through GlobalWafers GmbH.