Wednesday, April 18, 2007

ASE shares hit 7-yr high after Carlyle deal scrapped

(Reuters) - TAIPEI, April 18 - Shares of Advanced Semiconductor Engineering rose more than 2 percent on Wednesday after the world's top chip packager called off plans to be bought by private equity firm Carlyle [CYL.UL].

ASE shares initially opened up by their daily 7 percent limit at T$43.85 in Taiwan before falling back to T$42.00 around noon, outpacing a 0.41 percent gain on the broader tech sector and a 0.34 percent rise on the main TAIEX .


Read more at Reuters.com Mergers News

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