TAIPEI, Taiwan, Aug. 21, 2015 /PRNewswire/ -- Advanced
Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX)
("ASE") announced today that it plans to commence on
August 24, 2015, tender offers in the
Republic of China and the United States for common shares and
American Depositary Shares ("ADSs") of Siliconware Precision
Industries Co., Ltd. ("SPIL") at a price of NT$45 per common share and NT$225 per ADS payable in the equlvant amount of
U.S. dollars, respectively. The Taiwan offer is being made to all holders of
common shares and the U.S. offer is being made to all holders of
ADSs.
The Taiwan offer will commence
at 9:00 a.m., Taiwan time, on
August 24, 2015 and expire at 3:30
p.m., Taiwan time, on September 22, 2015. The U.S. offer will
commence at 12:01 a.m., New York City time, on August 24, 2015 and expire at 12:00 p.m. noon, New
York City time, on September 22,
2015. ASE plans to acquire an estimated maximum number
of 779,000,000 common shares of SPIL (including common shares
represented by ADSs), equivalent to approximately 25% of the common
shares issued by SPIL.
In the face of intensifying global competition and rising of new
contenders, the drive for consolidation of the semiconductor
industry is becoming increasingly apparent. ASE believes that
industry peers in Taiwan should
actively search for opportunities to cooperate and integrate
resources, in order to protect and further improve the competitive
advantage of the Taiwanese packaging and testing industry.
The purpose of ASE acquiring an equity interest in SPIL through the
tender offer is to establish the basis and opportunity for
exploration of possible avenues of cooperation between ASE and
SPIL; within the legally permitted scope and taking into full
consideration the mutual interests of both parties' employees and
shareholders, ASE is willing to discuss specific details of such
avenues of cooperation with SPIL's operations team. Until
such time, the acquisition of equity interest in SPIL by ASE
through this tender offer is purely a financial investment, and ASE
will not intervene in SPIL's operations. As SPIL reported
strong operating performance in the past, ASE believes that its
financial investment should yield excellent return.
During the tender offer period, if the number of common shares
tendered in Taiwan reaches the
minimum number of 155,818,056 shares (equivalent to 5% of common
shares issued by SPIL), ASE shall lawfully acquire common shares
and ADSs of SPIL tendered in the Taiwan and U.S. offers up to the limits
expressed in the second paragraph, and subject to proration, as
described in the the Taiwan and
U.S. offers, and subject to the terms and conditions of the
Taiwan and U.S. offers.
Important Additional Information
This release is for informational purposes only and does not
constitute an offer to purchase or a solicitation of an offer to
sell SPIL's securities.
In connection with the offer for common shares, ASE will file a
tender offer document with the Republic of China Financial
Supervisory Commission ("FSC"). Copies of the
Republic of China offer documents
will also be available by contacting KGI Securities Co. Ltd.
("KGI"), the tender offer agent for the Taiwan offer, at +886-2-2389-2999, or at the
website maintained by KGI at http://www.kgieworld.com.tw.
In connection with the offer for the ADSs, a tender offer
statement and related materials will be filed by ASE with the U.S.
Securities and Exchange Commission ("SEC"). Investors
and security holders will also be able to obtain a copy of these
statements and other documents filed by ASE free of charge at the
website maintained by the SEC at www.sec.gov. In addition, the
tender offer statement, related materials will be available free of
charge by contacting ASE's information agent for the U.S. offer,
MacKenzie Partners, Inc., toll-free at +1-800-322-2885 (for ADS
holders in the U.S. and Canada);
or +1-212-929-5500 (call collect) (for ADS holders in other
countries).
Investors and security holders are urged to carefully read the
tender offer statements and any other documents relating to the
Republic of China and U.S. offers
filed by ASE with the SEC and FSC when they become available, as
well as any amendments and supplements to those documents, because
they will contain important information.
About The ASE Group
The ASE Group is the world's largest provider of independent
semiconductor manufacturing services in assembly, test, materials
and design manufacturing. As a global leader geared towards
meeting the industry's ever growing needs for faster, smaller and
higher performance chips, the Group develops and offers a wide
portfolio of technology and solutions including IC test program
design, front-end engineering test, wafer probe, wafer bump,
substrate design and supply, wafer level package, flip chip,
system-in-package, final test and electronic manufacturing services
through Universal Scientific Industrial Co., Ltd. and its
subsidiaries, members of the ASE Group. For more information
about the ASE Group, visit www.aseglobal.com.
IR Contact:
Iris Wu,
Manager
|
irissh_wu@aseglobal.com
|
Tel:
+886.2.6636.5678
|
http://www.aseglobal.com
|
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SOURCE Advanced Semiconductor Engineering, Inc.