TAIPEI: Advanced Semiconductor Engineer-ing Co won its battle to buy a US$1.1bil stake in Silicon Precision Industry Co (SPIL) in a rare hostile Taiwan offer.
Investors tendered almost 1.15 billion shares in SPIL after ASE offered NT$45 per share for 779 million shares of its local competitor, ASE said on Tuesday. While 36.83% of SPIL shares were tendered, ASE will cap its acquisition at the previously announced 24.99%.
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