Friday, May 18, 2007

UPDATE 1-STATS ChipPAC says Temasek acquired 83 pct of firm

(Reuters) - Singapore state holding company Temasek launched a $1.6
billion bid in March for the 64.4 percent of STATS ChipPAC that
it did not already own. The deadline for acceptances was the
close of business in Singapore on Friday.




"Temasek has been a long term shareholder of STATS ChipPAC
since 1995. We are happy to have succeeded in increasing our
stake in the company," Temasek said in a separate statement.


Read more at Reuters.com Mergers News

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