Siltronic welcomes increase of offer price under GlobalWafers' Tender Offer

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AK&M 25 January 2021 12:01

GlobalWafers January 23 announced that the offer price under its tender offer to all Siltronic shareholders has been increased to EUR 145 per share, as it was informed by Sitronix in the press release.

Siltronic's Executive Board welcomes the increased offer price and considers the tender offer attractive.

The increased offer price represents - an increase of 16% over the original offer price of EUR 125 and a premium of 28% over the closing price of Siltronic's stock on November 27, 2020 (EUR 113.55)

Reference is made to the joint reasoned statement issued by the Executive Board and the Supervisory Board of Siltronic AG on December 22, 2020 and the recommendation to accept the offer and further information therein.

Siltronic is one of the world's largest manufacturers of hyperpure silicon wafers and partner to many leading semiconductor companies. The company operates production sites in Asia, Europe and the USA. Silicon wafers form the basis for modern microelectronics and nanoelectronics and are a key component in semiconductor chips driving computers, smartphones, navigation systems and many other applications. Siltronic AG employs around 3,600 people and is a stock-listed company in Germany (Prime Standard). Siltronic shares are included in the MDAX and TecDAX.