ASE Test goes private in $784 million deal with Advanced Semiconductor Engineering

By Lisa Kerner

Charlotte, N.C., June 2 - Ordinary shares of ASE Test Ltd. ceased trading on the Nasdaq Global Market after the company was taken private by Advanced Semiconductor Engineering, Inc.

Taiwan depositary shares have also ceased trading on the Taiwan Stock Exchange, Advanced Semiconductor Engineering said in a company news release.

The companies' scheme of arrangement under the Companies Act, Chapter 50 of Singapore became effective Friday.

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 providers of integrated circuit packaging and testing services.

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