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The Carlyle Group makes a move on IC packaging giant ASE |
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Nov 24, 2006 at 12:12 PM |
 A potential offer led by The Carlyle Group for Advanced Semiconductor Engineering, Inc., has been confirmed by the company. ASE is capable of providing testing, wafer probing, packaging and final test outsourced services for the semiconductor industry and is the largest independent final manufacturing company in the world today.
The private equity consortium is offering to purchase all of the outstanding common shares of ASE at a price of NT$39 per share (equivalent to approximately US$5.94 per American depositary share), according to an ASE statement. This would value the all cash deal at approximately $5.4 billion US dollars.
Jason Chang, the Chairman and Chief Executive Officer of ASE, has agreed, subject to certain conditions, to participate as a member of the Consortium and to roll the shares of ASE owned by him and ASE Enterprises Limited, his affiliated holding company, into an equity interest in the holding company formed by the Consortium. This amounts to 18.4 percent of the shares in the company.
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