Siltronic: takeover of billions ahead – Wacker Chemie also involved

Siltronic is about to be taken over by GlobalWafers from Taiwan: The Munich-based company reported on the weekend that the talks about a takeover offer are at an advanced stage and are about to be concluded. The Asian company is expected to present its shareholders with an offer of 125 euros per Siltronic share. A dividend of EUR 2.00 per Siltronic share could also be paid in advance of the takeover.

“The offer price corresponds to a premium of 48 percent compared to the volume-weighted XETRA average price over the last 90 days and is based on intensive negotiations between the parties over several months,” said Siltronic. The company’s share price had already risen significantly in the last few days and is currently listed at EUR 126.55, even above the expected offer price, but just below the sum of the expected offer and the additionally planned dividend payment.

In the course of the offer, Siltronic major shareholder Wacker Chemie is likely to part with the 30.8 percent stake in the company. Wacker Chemie reports that the offer is considered attractive and appropriate. “A binding agreement (irrevocable undertaking) between the two companies, according to which Wacker will deliver its 9.24 million Siltronic shares at this offer price as part of a voluntary takeover offer, has largely been finalized, but is still subject to Wacker’s approval -Supervisory Board, ”said the company.

Security data: Siltronic
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Ticker symbol: WAF
ISIN: DE000WAF3001
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