Taiwan’s Globalwafers raised its takeover offer for Germany’s Siltronic by 450 million euros ($547 million) on Friday as it tries to win over shareholders in its bid to create a leading player in the global wafer industry.
The planned merger to create the world’s second-largest player in the 300-millimeter wafers market, behind Japan’s Shin-Etsu, had been in jeopardy after hardly any shareholders, besides the former parent company, had accepted the offer.
GlobalWafers said in a statement it would increase the all-cash bid to 140 euros per share, a 12% premium over its original offer of 125 euros per share, and raising its offer to 4.2 billion euros ($5.1 billion).
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