By Joshua Kirby
GlobalWafers Co. said Friday that its subsidiary has increased its all-share takeover offer for Siltronic AG, while all other conditions remain unchanged.
The Taiwanese industrial manufacturer said subsidiary GlobalWafers GmbH's increased offer of 140 euros ($170.34) a share, from EUR125 previously, represents a 66% premium to the 90-day volume weighted average Xetra price as of Nov. 27.
The price increase is a result of market purchases of Siltronic shares on Jan. 21, GlobalWafers said.
Last month, the company reached a deal with Wacker Chemie AG to buy the German chemical company's entire stake of around 30.8% in Siltronic at the previous price.
As before, the acceptance period for the offer will expire at midnight on Jan. 27, GlobalWafers said.
Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby
(END) Dow Jones Newswires
01-22-21 0416ET