Siliconware Precision to Be Acquired by Advanced Semiconductor Engineering
07.22.16
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Simpson Thacher is representing Siliconware Precision Industrial Limited (Taiwan Stock Exchange Code: 2325, NASDAQ: SPIL) (“SPIL”) in connection with the announced sale of SPIL to Advanced Semiconductor Engineering, Inc. (Taiwan Stock Exchange Code: 2311, NYSE: ASX) (“ASE”). The transaction is valued at 184.32 billion New Taiwan dollars (approximately US$5.7 billion). The transaction is subject to customary closing conditions.
Both SPIL and ASE are headquartered in Taiwan, and engaged in provision of independent semiconductor assembly and test services, with SPIL and ASE being the third and first largest, respectively, player in the industry.
The Simpson Thacher team includes Chris Lin and Katie Sudol (M&A); Howie Farn (Capital Markets); and Peter Thomas, Michael Naughton and Sara Clingan (Antitrust).