GlobalWafers Co acquires 70 percent Siltronic AG stake
Staff writer, with CNA
GlobalWafers Co (環球晶圓), the world’s No. 3 supplier of silicon wafers, yesterday said that it has acquired a 70.27 percent stake in German competitor Siltronic AG, in a public bid that ended four days ago.
With the acquisition of a controlling stake in Siltronic, the Taiwanese company is to become the world’s second-largest silicon wafer supplier.
Last month, GlobalWafers secured more than 50 percent of Siltronic shares with an offer of 4.35 billion euros (US$5.2 billion) in a public tender that was due to end on Feb. 10, but the acceptance period was extended until Monday.
Japanese Market Drifts Lower
TOKYO (dpa-AFX) - The Japanese stock market, which resumed trading after a holiday in the previous session, slipped into negative territory after opening higher as investors tracked the mixed cues overnight from Wall Street.
The benchmark Nikkei 225 Index is down 111.43 points or 0.38 percent to 29,451.50, after touching a high of 29,650.51 in early trades.
Market heavyweight SoftBank Group is declining more than 1 percent and Fast Retailing is edging down 0.1 percent. Among automakers, Honda is lower by more than 3 percent, while Toyota is rising more than 2 percent.
The major exporters are also mostly lower despite a weaker yen. Sony is losing more than 1 percent, Mitsubishi Electric is declining almost 1 percent and Canon is down 0.2 percent, while Panasonic is adding 0.2 percent.
CANBERA (dpa-AFX) - Asian stock markets are lower on Friday in thin holiday trading with investors treading cautiously following the lackluster cues overnight from Wall Street and lower commodity
TOKYO (dpa-AFX) - The Japanese stock market is modestly lower on Wednesday after recent strong gains and following the lackluster cues overnight from Wall Street. Investors also turned cautious
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Wednesday even as U.S. stocks closed little changed overnight. Optimism about more fiscal stimulus and the slowdown in coronavirus