Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Siltronic Shares Fall Amid Doubts Over GlobalWafers Takeover

Jan. 17, 2022, 8:59 AM

Siltronic AG stock fell after the company cast doubt on the planned $5.3 billion takeoverby Taiwan’s GlobalWafers Co., saying the German Economy Ministry’s feedback so far was opaque and offered no clear resolution on how to win approval for the deal.

Shares in the Munich-based maker of silicon wafers lost as much as 10.8% on Monday, the most since March 16, 2020.

During recent discussions the companies didn’t receive any information as to whether and under which conditions a clearance for the takeover may be issued, the German company said late Friday in a filing following a Bloomberg ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.