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MarketScreener Homepage  >  Equities  >  Xetra  >  Siltronic    WAF   DE000WAF3001

SILTRONIC

(WAF)
  Report
Delayed Quote. Delayed Xetra - 01/22 11:35:10 am
145.2 EUR   +3.71%
01/22SILTRONIC : NorldLB gives a Sell rating
MD
01/22GlobalWafers raises takeover bid for Siltronic to $5.1 billion
RE
01/22SILTRONIC : Jefferies reiterates its Neutral rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Siltronic says in advanced takeover talks with GlobalWafers

11/29/2020 | 02:10pm EST

BERLIN, Nov 29 (Reuters) - German chipmaker Siltronic said on Sunday it is in advanced takeover talks with Taiwan's GlobalWafers in a 3.75-billion-euro deal ($4.5 billion) to create a leading player in the wafer industry.

Siltronic said in a statement GlobalWafers is expected to bid 125 euros per Siltronic share, which represents an 11% premium over Friday's closing price, and said it considered the offer "attractive and appropriate".

The Munich-based firm said it expected Wacker Chemie , which owns a 30.8% stake in Siltronic, will conclude an agreement to tender its shares at this offer price.

Siltronic said the companies have been in negotiations for several months and expect to sign a binding merger agreement in the second week of December, following approval by both companies' supervisory boards.

Under the current terms of the deal, there will be no site closures or layoffs of employees for operational reasons in Germany until the end of 2024, Siltronic said.

The combined companies would be number two in the world market for 300-millimeter wafers - silicon wafers from which chips are punched - behind Japan's Shin-Etsu GlobalWafers is currently number four, Siltronic number five.

Siltronic also said it expects to propose a dividend of 2 euros per share for its fiscal year 2020 which will be paid prior to the closure of the deal. ($1 = 0.8365 euros) (Reporting by Caroline Copley and Alexander Huebner)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GLOBALWAFERS CO., LTD. 9.98% 716 End-of-day quote.1.13%
SHIN-ETSU CHEMICAL CO., LTD. 0.73% 19320 End-of-day quote.7.10%
SILTRONIC 3.71% 145.2 Delayed Quote.13.35%
WACKER CHEMIE AG 0.25% 121.15 Delayed Quote.3.77%
All news about SILTRONIC
01/22SILTRONIC : NorldLB gives a Sell rating
MD
01/22GlobalWafers raises takeover bid for Siltronic to $5.1 billion
RE
01/22SILTRONIC : Jefferies reiterates its Neutral rating
MD
01/22SILTRONIC : Kepler Cheuvreux reiterates its Neutral rating
MD
01/22SILTRONIC : From a Buy to Neutral rating by Oddo
MD
01/22GlobalWafers Increases Siltronic Bid
DJ
01/22GlobalWafers raises takeover bid for Siltronic to $5.1 bln
RE
01/15SILTRONIC AG : Release according to Article 40, Section 1 of the WpHG [the Germa..
EQ
01/13SILTRONIC AG : Release according to Article 40, Section 1 of the WpHG [the Germa..
EQ
01/13DGAP-PVR : Siltronic AG: Release according to Article 40, Section 1 of the WpHG ..
DJ
More news
Financials
Sales 2020 1 208 M 1 470 M 1 470 M
Net income 2020 152 M 185 M 185 M
Net cash 2020 342 M 416 M 416 M
P/E ratio 2020 29,7x
Yield 2020 1,45%
Capitalization 4 356 M 5 302 M 5 301 M
EV / Sales 2020 3,32x
EV / Sales 2021 3,15x
Nbr of Employees 3 600
Free-Float 65,0%
Chart SILTRONIC
Duration : Period :
Siltronic Technical Analysis Chart | WAF | DE000WAF3001 | MarketScreener
Technical analysis trends SILTRONIC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 133,06 €
Last Close Price 145,20 €
Spread / Highest target 3,31%
Spread / Average Target -8,36%
Spread / Lowest Target -22,5%
EPS Revisions
Managers and Directors
NameTitle
Christoph von Plotho President & Chief Executive Officer
Tobias Ohler Chairman-Supervisory Board
Rainer Irle Chief Financial Officer & Executive Vice President
Hermann Gerlinger Member-Supervisory Board
Bernd Jonas Member-Supervisory Board
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