ASE Must Wait Before SPIL Bid

Taiwan’s Fair Trade Commission is suspending its review of ASE’s bid to take over SPIL (ASE Fails in SPIL Bid), meaning that there will be no exemption from the year-long ‘cooling off’ period before another offer can be made.

Despite this, ASE remains committed to acquiring as much of its rival as it can through ‘all legally permissible means’. Shortly after the FTC’s announcement, ASE raised its stake in SPIL to more than 31.4%, through open market purchases.