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STATS AND CHIPPAC AGREE TO MERGE.
(Full text of this release can be found at www.asianetnews.net)
SINGAPORE, and FREMONT, Calif, Feb. 10 /XFNHK-AsiaNet/ -- ST Assembly Test Services Ltd ("STATS") (Nasdaq: STTS and SGX: ST Assembly) and ChipPAC, Inc. (Nasdaq: CHPC), today announced the signing of a definitive agreement for the companies to merge in a stock-for-stock transaction to create one of the world's premier independent semiconductor assembly and test solutions company.
The combined company expects to have over US$1 billion in revenues in 2004.
It will be the 2nd largest test house and will have leadership in mixed signal testing. It will also have one of the broadest ...
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Source: HighBeam Research, STATS AND CHIPPAC AGREE TO MERGE.