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MarketScreener Homepage  >  Equities  >  Xetra  >  Siltronic    WAF   DE000WAF3001

SILTRONIC

(WAF)
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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. -5.43% 662 End-of-day quote.-6.50%
SHIN-ETSU CHEMICAL CO., LTD. -0.68% 18950 End-of-day quote.5.04%
SILTRONIC 0.18% 140 Delayed Quote.9.29%
WACKER CHEMIE AG -2.79% 120.15 Delayed Quote.2.91%
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Financials
Sales 2020 1 208 M 1 459 M 1 459 M
Net income 2020 152 M 183 M 183 M
Net cash 2020 342 M 412 M 412 M
P/E ratio 2020 28,6x
Yield 2020 1,51%
Capitalization 4 200 M 5 078 M 5 071 M
EV / Sales 2020 3,19x
EV / Sales 2021 3,01x
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 129,72 €
Last Close Price 140,00 €
Spread / Highest target 7,14%
Spread / Average Target -7,34%
Spread / Lowest Target -19,6%
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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