Taiwan’s Advanced Semiconductor Likely Being Acquired By CEO & Carlyle

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By Douglas A. McIntyre Published
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by Jon C. Ogg
November 24, 2006

Advanced Semiconductor Engineering, Inc. (ASX-NYSE/ADR) issued a press release in Taiwan today stating that the Company has received an indication of interest from a private equity consortium led by The Carlyle Group over a potential offer for all of the outstanding common shares of ASX at a price of NT$39 per share (approximately US$5.94 per ADR).

The group’s bid is not just an outsider bid, and the chances of a deal are pretty high.  Jason Chang, the Chairman/CEO of ASX, has agreed to participate as a member of the Consortium and to roll the shares of ASX owned by him and his affiliated holding company (collectively own approximately 18.4% of the shares), into an equity interest in the holding company formed by the Consortium. Chairman Chang has also entered into an exclusivity agreement with the Consortium.

Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services. Its services include: semiconductor packaging; design and production of interconnect materials; front-end engineering testing; and wafer probing and final testing services.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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