TAICHUNG, Aug. 24, 2015 /PRNewswire/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or the "Company") (Taiwan Stock Exchange:2325.TT, NASDAQ: SPIL) announced today that it has received an unsolicited tender offer from Advanced Semiconductor Engineering, Inc. ("ASE") (Taiwan Stock Exchange:2311.TT, NASDAQ: ASX) to acquire up to 25% of the common shares and/or American depositary shares of the Company.
The board of directors of the Company has formed a review committee consisting of its independent directors (the "Independent Review Committee") today to evaluate the unsolicited tender offer from ASE and make a recommendation to the shareholders of the Company regarding this unsolicited tender offer. The Company will publish the recommendation and reasons for such recommendation from the Review Committee within the required time under relevant laws and regulations in Taiwan and the United States, which is expected to be within the next seven calendar days.
The Company has retained JPMorgan Chase & Co. as its financial advisor, Simpson Thacher & Bartlett LLP as its United States legal counsel and Jones Day as its Taiwan legal counsel.
The Company strongly urges its shareholders to refrain from tendering any common shares or American depositary shares until the Review Committee has evaluated the unsolicited tender offer and published its recommendation and reasons for such recommendation.
SOURCE Siliconware Precision Industries Co., Ltd.