ASE Test sets meeting date for going-private vote

By Lisa Kerner

Charlotte, N.C., March 6 - ASE Test Ltd., a subsidiary of Advanced Semiconductor Engineering, Inc., will hold a special meeting of shareholders on May 6.

Shareholders will be asked to vote on the acquisition of ASE Test by Advanced Semiconductor Engineering through a scheme of arrangement under Singapore law.

The specific meeting time and place will be announced. The record date for the meeting is March 24.

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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