ASE Test gets court OK to go private May 30

By Jennifer Chiou

New York, May 23 - Advanced Semiconductor Engineering, Inc. announced that the High Court of Singapore has sanctioned the company's proposal to take its majority owned subsidiary, ASE Test Ltd., private on May 30.

As already announced, ASE Test shareholders approved the deal on May 6.

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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