Siltronic AG : € 125 looks insufficient in our view and we are clearly not the only ones …
>Siltronic has confirmed the offer from GlobalWafers of € 125, with Wacker Chemie to bring its 30.8% stake - On Wednesday evening, Siltronic confirmed that it had reached a business combination agreement with GlobalWafers, for an offer at a price of € 125 per share in cash. The group had pre-announced these discussions at the end of November. This price represents a 48% premium to the 90-day volume weighted average price, and 10% to the closing price for Siltronic ord...Siltronic AG is a Germany-based producer of hyperpure silicon wafers. The Company offers polished wafers, epitaxial wafers and annealed wafers, among others. Its products are used for semiconductor components, including high-voltage applications, low resistivity devices in automotive engineering and telecommunications, as well as integrated microprocessors and memory modules for information processing in cell phones, laptops and other consumer goods. The Company also produces high reflectivity (HiREF) wafers, as well as PowerFZ wafers for power applications and Ultimate Silicon for complementary metal-oxide semiconductor (CMOS) applications. It operates production facilities in Europe, Asia and the United States.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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