From: LAURA ANREDER (OSCAR GRUSS & SON IN) At: Jul 14 2015 12:01:40
To: LAURENT CHEKROUN (MAKOR SECURITIES LO)
Subject: Fwd:(PRN) ALERT: ChipMOS' BOARD FORMS SPECIAL COMMITTEE
Subject: Fwd:(PRN) ALERT: ChipMOS' BOARD FORMS SPECIAL COMMITTEE
BN 07/14 10:02 *CHIPMOS COMMITTEE TO REVIEW TAIWAN UNIT MERGER
BN 07/14 10:00 *ALERT: CHIPMOS' BOARD FORMS SPECIAL COMMITTEE
BN 07/14 10:00 *ALERT: CHIPMOS' BOARD FORMS SPECIAL COMMITTEE
ALERT: ChipMOS' BOARD FORMS SPECIAL COMMITTEE
2015-07-14 10:00:11.455 GMT
ALERT: ChipMOS' BOARD FORMS SPECIAL COMMITTEE
PR Newswire
HSINCHU, July 14, 2015
HSINCHU, July 14, 2015 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES
(Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry
leading provider of outsourced semiconductor assembly and test services
("OSAT"), today announced that its Board of Directors has formed a Special
Committee to review and evaluate the feasibility of a merger of the Company
into ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), the Company's 58% owned
subsidiary, which is listed on the Taiwan Stock Exchange under Stock Ticker
8150, and to negotiate the contemplated action with ChipMOS Taiwan.
The Special Committee will be comprised of the following Independent
Directors: Dr. John Yee Woon Seto, Dr. Yeong-Her Wang, Dr. Rong Hsu and Mr.
Antonio R. Alvarez. Dr. John Yee Woon Seto will serve as Chairman of the
Special Committee. The Special Committee intends to engage an independent
financial advisor, tax advisor, legal counsel and other experts for
evaluation, negotiation and all other related matters, and may submit its
recommendation to the Board of Directors for approval.
The Company cautions its shareholders and others considering trading its
securities that it does not currently plan to provide interim updates on the
Special Committee's work, and does not expect to report on the strategic
review process until the Special Committee has completed the process and made
its recommendation to the Board of Directors for its consideration and action,
if any, which has been approved by Board of Directors. In addition, the
Company cautions that the Special Committee has not established a timetable
and that no assurance can be made that any agreement or transaction will be
approved, executed or consummated.
Today's announcement follows the June 17, 2015 merger completion of ChipMOS
Taiwan and ThaiLin Semiconductor Corp., another subsidiary of the Company,
ChipMOS Taiwan continues as the surviving merged entity and is listed on the
TWSE trading under its current stock ticker "8150".
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ:
IMOS) (http://www.chipmos.com) is an industry leading provider of
semiconductor assembly and test services. With advanced facilities in Hsinchu
Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in
Taiwan and Qingpu Industrial Zone in Shanghai, ChipMOS and its subsidiaries
provide assembly and test services to a broad range of customers, including
leading fabless semiconductor companies, integrated device manufacturers and
independent semiconductor foundries. The Company's majority-owned subsidiary,
ChipMOS Taiwan, is listed on the Taiwan Stock Exchange under Stock Ticker
8150.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as
"forward-looking statements" within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the
actual performance, financial condition or results of operations of the
Company to be materially different from any future performance, financial
condition or results of operations implied by such forward-looking statements.
Further information regarding these risks, uncertainties and other factors is
included in the Company's most recent Annual Report on Form 20-F filed with
the U.S. Securities and Exchange Commission (the "SEC") and in the Company's
other filings with the SEC.
Contacts:
In Taiwan In the U.S.
Dr. S.K. Chen David Pasquale
ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners
+886-6-507-7712 +1-914-337-8801
s.k._chen@chipmos.com dpasquale@globalirpartners.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alert-chipmos-board-forms-special-committee-300112775.html
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
Website: http://www.chipmos.com
-0- Jul/14/2015 10:00 GMT
2015-07-14 10:00:11.455 GMT
ALERT: ChipMOS' BOARD FORMS SPECIAL COMMITTEE
PR Newswire
HSINCHU, July 14, 2015
HSINCHU, July 14, 2015 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES
(Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry
leading provider of outsourced semiconductor assembly and test services
("OSAT"), today announced that its Board of Directors has formed a Special
Committee to review and evaluate the feasibility of a merger of the Company
into ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), the Company's 58% owned
subsidiary, which is listed on the Taiwan Stock Exchange under Stock Ticker
8150, and to negotiate the contemplated action with ChipMOS Taiwan.
The Special Committee will be comprised of the following Independent
Directors: Dr. John Yee Woon Seto, Dr. Yeong-Her Wang, Dr. Rong Hsu and Mr.
Antonio R. Alvarez. Dr. John Yee Woon Seto will serve as Chairman of the
Special Committee. The Special Committee intends to engage an independent
financial advisor, tax advisor, legal counsel and other experts for
evaluation, negotiation and all other related matters, and may submit its
recommendation to the Board of Directors for approval.
The Company cautions its shareholders and others considering trading its
securities that it does not currently plan to provide interim updates on the
Special Committee's work, and does not expect to report on the strategic
review process until the Special Committee has completed the process and made
its recommendation to the Board of Directors for its consideration and action,
if any, which has been approved by Board of Directors. In addition, the
Company cautions that the Special Committee has not established a timetable
and that no assurance can be made that any agreement or transaction will be
approved, executed or consummated.
Today's announcement follows the June 17, 2015 merger completion of ChipMOS
Taiwan and ThaiLin Semiconductor Corp., another subsidiary of the Company,
ChipMOS Taiwan continues as the surviving merged entity and is listed on the
TWSE trading under its current stock ticker "8150".
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ:
IMOS) (http://www.chipmos.com) is an industry leading provider of
semiconductor assembly and test services. With advanced facilities in Hsinchu
Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in
Taiwan and Qingpu Industrial Zone in Shanghai, ChipMOS and its subsidiaries
provide assembly and test services to a broad range of customers, including
leading fabless semiconductor companies, integrated device manufacturers and
independent semiconductor foundries. The Company's majority-owned subsidiary,
ChipMOS Taiwan, is listed on the Taiwan Stock Exchange under Stock Ticker
8150.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as
"forward-looking statements" within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the
actual performance, financial condition or results of operations of the
Company to be materially different from any future performance, financial
condition or results of operations implied by such forward-looking statements.
Further information regarding these risks, uncertainties and other factors is
included in the Company's most recent Annual Report on Form 20-F filed with
the U.S. Securities and Exchange Commission (the "SEC") and in the Company's
other filings with the SEC.
Contacts:
In Taiwan In the U.S.
Dr. S.K. Chen David Pasquale
ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners
+886-6-507-7712 +1-914-337-8801
s.k._chen@chipmos.com dpasquale@globalirpartners.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alert-chipmos-board-forms-special-committee-300112775.html
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
Website: http://www.chipmos.com
-0- Jul/14/2015 10:00 GMT