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MarketScreener Homepage  >  Equities  >  Taipei Exchange  >  GlobalWafers Co., Ltd.    6488   TW0006488000


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GlobalWafers raises takeover bid for Siltronic to $5.1 bln

01/22/2021 | 01:36am EST

* Raises bid to 140 eur/shr

* Deadline of Jan. 27 to tender shares

* Deal would create 2nd-largest 300 mm wafer maker

BERLIN, Jan 22 (Reuters) - Taiwan's Globalwafers raised its takeover offer for Germany's Siltronic by 450 million euros ($547 million) on Friday as it tries to win over shareholders in its bid to create a leading player in the global wafer industry.

The planned merger to create the world's second-largest player in the 300-millimeter wafers market, behind Japan's Shin-Etsu, had been in jeopardy after hardly any shareholders, besides the former parent company, had accepted the offer.

GlobalWafers said in a statement it would increase the all-cash bid to 140 euros per share, a 12% premium over its original offer of 125 euros per share, and raising its offer to 4.2 billion euros ($5.1 billion).

Shareholders have until Jan. 27 to tender their shares, with the deal subject to an acceptance threshold of 65%. Siltronic's management supports the deal.

But Barry Norris, CEO and fund manager at Argonaut, who has previously complained the proposed takeover was unfair to minority shareholders, said investors would not be satisfied with the new price.

"We are on the record as saying we won’t be tendering our shares at 140 euros or even 150 euros," Norris said in an emailed statement.

Shares in Siltronic were trading up 4.6% at 146.40 euros at 1306 GMT.

GlobalWafers said it holds 4.53% of all Siltronic shares. Former Siltronic parent Wacker Chemie has also made a binding commitment to transfer its entire 30.8% stake in Siltronic to GlobalWafers.

($1 = 0.8218 euros) (Reporting by Caroline Copley; editing by Riham Alkousaa, Douglas Busvine, Krishna Chandra Eluri and Barbara Lewis)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GLOBALWAFERS CO., LTD. -4.02% 740 End-of-day quote.4.52%
MSCI TAIWAN (STRD, UHD) 0.00% 669.536 Real-time Quote.11.42%
SHIN-ETSU CHEMICAL CO., LTD. 2.85% 17845 End-of-day quote.-1.08%
SILTRONIC 0.40% 138.9 Delayed Quote.8.00%
UNITIKA LTD. 2.81% 439 End-of-day quote.11.42%
WACKER CHEMIE AG 3.39% 111.2 Delayed Quote.-7.88%
All news about GLOBALWAFERS CO., LTD.
02/16MARKET CHATTER : Taiwan's GlobalWafers Kicks Off Extended Acceptance Period for ..
02/15PRESS RELEASE : Siltronic AG: Combination of Siltronic and GlobalWafers clears f..
02/09GlobalWafers secures control over Germany's Siltronic
01/25EUROPE : European stocks edge higher as tech gains counter virus woes
01/25GlobalWafers makes last ditch bid to save $5.3 billion Siltronic deal
01/25GlobalWafers makes last ditch bid to save $5.3 bln Siltronic deal
01/25GlobalWafers lowers acceptance threshold for Siltronic bid
01/23GlobalWafers further raises bid for Siltronic to 4.35 billion euros
01/22GlobalWafers raises takeover bid for Siltronic to $5.1 billion
01/22GlobalWafers Increases Siltronic Bid
More news
Sales 2020 56 017 M 2 020 M 2 020 M
Net income 2020 12 935 M 467 M 467 M
Net cash 2020 13 766 M 496 M 496 M
P/E ratio 2020 25,0x
Yield 2020 3,13%
Capitalization 322 B 11 571 M 11 616 M
EV / Sales 2020 5,50x
EV / Sales 2021 4,72x
Nbr of Employees -
Free-Float 47,6%
Duration : Period :
GlobalWafers Co., Ltd. Technical Analysis Chart | 6488 | TW0006488000 | MarketScreener
Technical analysis trends GLOBALWAFERS CO., LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 733,54 TWD
Last Close Price 740,00 TWD
Spread / Highest target 41,9%
Spread / Average Target -0,87%
Spread / Lowest Target -36,8%
EPS Revisions
Managers and Directors
Hsiu Lan Hsu Chairman & Chief Executive Officer
Mark England President
Ming Hui Chien CFO & Deputy Spokesperson
Wen-Ching Hsu Vice President-Research & Development
Chi Hsiung Cheng Independent Director
Sector and Competitors