GlobalWafers / Siltronic deal gets a green light from the US
GlobalWafers has provided an update regarding its ts all-cash tender offer for the outstanding ordinary shares of Siltronic AG.
GlobalWafers says that it has unconditionally cleared the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, regarding its acquisition of Siltronic. This approval follows clearances already received from the German Federal Cartel Office, the Austrian Federal Competition Authority, the Korea Fair Trade Commission, the Taiwan Fair Trade Commission, the Competition and Consumer Commission of Singapore, and the Committee on Foreign Investment in the United States. The closing of head however still remains subject to receipt of further regulatory approvals and remains expected in the second half of 2021.