ASE Test shareholders OK $784 million deal to take company private

By Lisa Kerner

Charlotte, N.C., May 6 - ASE Test Ltd., a subsidiary of Advanced Semiconductor Engineering, Inc., said its shareholders approved a proposal to take the company private at a special meeting on Tuesday.

The closing date for the transaction has not been determined, according to an ASE Test news release.

In September, Advanced Semiconductor Engineering announced it would take ASE Test private for some $784 million.

As previously reported, the all-cash acquisition consideration consists of $14.78 for each ASE Test ordinary share listed on Nasdaq and the New Taiwan dollar equivalent of $0.185 for each ASE Test Taiwan Depositary Share.

Kaohsiung, Taiwan-based Advanced Semiconductor Engineering and ASE Test are independent providers of integrated circuit packaging and testing services.

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