Yageo's Hostile Takeover Bid for Anpec Raises Stakes in Semiconductor Market
Yageo Corp, the world's third-largest multilayer ceramic capacitor supplier, has sparked a takeover bid for Anpec Electronics Corp, a leading power semiconductor and driver IC producer. Anpec views this move as hostile, as no prior negotiations took place.
Yageo initially planned to acquire a 5 percent stake in Anpec through a public tender offer, with a maximum target of 28.5 percent of Anpec's equity. The offer, valued at NT$4.89 billion (US$160.5 million), was made at NT$229.8 per share, a 20 percent premium to Anpec's closing price on Sept. 11. The tender offer surpassed the regulatory threshold before today's expiration date.
Anpec, known for its products used in notebook computers, TVs, and automotive electronics, reported earnings per share of NT$5.3 in the first half of this year, up from NT$4.81 a year ago. Yageo, however, has solicited Anpec shareholders to tender 4.16 million shares. Yageo's bid, announced in September 2021, is aimed at long-term financial investment, with expectations of stable returns and potential collaboration to enhance competitiveness.
Yageo's tender offer for Anpec, valued at NT$4.89 billion, is set to conclude today. Anpec's earnings growth this year has not deterred Yageo's pursuit, which Anpec considers hostile due to the lack of prior negotiations. The outcome of this bid will significantly impact both companies' futures.
Read also:
- The Cost of Speech is Zero, True Strength Lies in Unity
- Beginning a Food Truck Venture: Crucial Stages to Achieve Profitability
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
