Latest

Siltronic: GlobalWafers offers 125 euros per share – Wacker Chemie ready for sale

GlobalWafers has submitted the expected takeover offer for Siltronic. The company is offering an amount of 125 euros per Siltronic share in cash. The major shareholder Wacker Chemie therefore met with approval. According to its own information, the Munich-based chemicals group has irrevocably committed to delivering its “entire stake in Siltronic AG of around 30.8 percent as part of a voluntary takeover offer that GlobalWafers will make to Siltronic shareholders”.

“Siltronic has developed extremely well over the past few years. The company has a strong position in the global market for semiconductor wafers, has an excellent technological position and is very profitable. It is therefore the right time for us to take the next step and withdraw completely from Siltronic, ”says Wacker boss Rudolf Staudigl. According to Staudigl, Siltronic and GlobalWafers complement each other both strategically and technologically.

GlobalWafers is already making a large part of the journey with one of the central minimum requirements in connection with the takeover offer for Siltronic: a minimum acceptance threshold for the takeover offer of 65 percent. In addition, merger control and other regulatory approvals are required. At Siltronic, the doors are open: The company welcomes the planned merger. “Until the end of 2024, German Siltronic locations will be protected against closures and employees in Germany against redundancies for operational reasons under the merger agreement,” continues Siltronic.

Live stream today from 6 p.m .:

The automotive industry is the key industry in Germany. The corona crisis leads to massive slumps, the switch to electric mobility costs EUR 150 billion in investments. Nevertheless, the German manufacturers are already market leaders in e-cars and rely on eFuels and hydrogen.European champion in e-mobility – how the automotive industry combines climate policy and structural change

->

Tags

Related Articles

Back to top button
Close
Close