Taiwan's Advanced Semiconductor Likely Being Acquired By CEO & Carlyle

by Jon C. Ogg
November 24, 2006

Advanced Semiconductor Engineering, Inc. (ASX-NYSE/ADR) issued a press release in Taiwan today stating that the Company has received an indication of interest from a private equity consortium led by The Carlyle Group over a potential offer for all of the outstanding common shares of ASX at a price of NT$39 per share (approximately US$5.94 per ADR).

The group’s bid is not just an outsider bid, and the chances of a deal are pretty high.  Jason Chang, the Chairman/CEO of ASX, has agreed to participate as a member of the Consortium and to roll the shares of ASX owned by him and his affiliated holding company (collectively own approximately 18.4% of the shares), into an equity interest in the holding company formed by the Consortium. Chairman Chang has also entered into an exclusivity agreement with the Consortium.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services. Its services include: semiconductor packaging; design and production of interconnect materials; front-end engineering testing; and wafer probing and final testing services.

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