ASE attracts new buyout suitors

Taiwanese chip-testing company ASE, which yesterday forced The Carlyle Group to abandon a $6 billion buyout offer, is reportedly attracting the attention of four new suitors.

Advanced Semiconductor Engineering, a Taiwanese chip-testing company that has just fended off a $6 billion (€4.4 billion) buyout approach from The Carlyle Group, has reportedly been approached by four other large buyout firms.

Kolhberg Kravis Roberts, The Blackstone Group, TPG and Goldman Sachs have also approached the chip company about a possible deal, according to local newspaper The Commercial Times.

It remains to be seen whether the four firms will have more success in putting together an acceptable bid. The board of ASE rejected Carlyle’s bid as being too low, causing the US firm to withdraw its interest in the company.

ASE has since denied that it is in talks with other private equity firms.

The company’s share price share price jumped to a seven year high yesterday after news emerged of Carlyle’s withdrawal from the process.