PRESS RELEASE : Siltronic AG: Combination of Siltronic and GlobalWafers clears first important hurdles - minimum acceptance threshold reached and clearance from German Federal Cartel Office

DGAP-News: Siltronic AG / Key word(s): Offer 
Siltronic AG: Combination of Siltronic and GlobalWafers clears first important hurdles - minimum acceptance threshold 
reached and clearance from German Federal Cartel Office 
2021-02-15 / 08:57 
The issuer is solely responsible for the content of this announcement. 
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Press Release 
Siltronic AG 
Einsteinstr. 172 
81677 Munich 
Germany 
www.siltronic.com 
Combination of Siltronic and GlobalWafers clears first important hurdles - minimum acceptance threshold reached and 
clearance from German Federal Cartel Office 
Munich, Germany, February 15, 2021 - The combination of Siltronic and GlobalWafers has cleared the first important 
hurdles. The minimum acceptance threshold of 50 percent of GlobalWafers' voluntary public tender offer was reached with 
56,92 percent. The Executive Board and Supervisory Board of Siltronic AG had recommended that shareholders accept the 
tender offer at a price of 145 EUR per share in cash. Siltronic shareholders who have not yet accepted the voluntary 
public tender offer from GlobalWafers can still tender their shares until March 1, 2021, within the statutory 
additional acceptance period. 
The German Federal Cartel Office (Bundeskartellamt) had also given its clearance for the business combination on 
February 9, 2021, as it saw no indications that competition in the wafer industry could be impeded by this transaction. 
In the view of the German Federal Cartel Office, semiconductor producers will have sufficient current and potential 
procurement alternatives after the business combination. 
Siltronic and GlobalWafers have thus come closer to their goal of establishing one of the world's leading wafer 
producers capable of operating successfully in the global semiconductor market of the future. The product portfolios of 
both companies complement each other in many areas and form a strong basis to benefit from the long-term growth drivers 
in the wafer industry. 
"Our starting point is very good: a strong combined product portfolio, technology know-how and many years of expertise 
in leading-edge technology of two complementary teams, as well as a competitive cost structure. Together we will serve 
our customers better," said Dr. Christoph von Plotho, CEO of Siltronic AG. 
In a business combination agreement signed at the beginning of December, the two companies agreed on a guarantee for 
the German Siltronic sites and protection against compulsory redundancies for employees in Germany until the end of 
2024. The social partnership with the German employee representatives and the existing collective bargaining agreements 
and works agreements will also be maintained. The Burghausen site will remain Siltronic's technology and R&D center. 
Sufficient investment budgets will be available to an appropriate extent in order to maintain and further develop 
existing production capacities. The established Siltronic brand will also be retained in the combined company. 
Based on the binding commitments of GlobalWafers, Siltronic will continue to exist within the GlobalWafers Group as one 
of the technology leaders in the global wafer industry. Very good development opportunities will be created for the 
employees of both companies. 
Siltronic and GlobalWafers expect to complete the transaction in the second half of 2021 subject to the receipt of 
required merger control and foreign investment approvals. 
Contact: 
Petra Müller 
Head of Investor Relations & Communications 
Tel: [phone] 
E-mail: [e-mail] 
Company profile: 
Siltronic is one of the world's largest manufacturers of hyperpure silicon wafers and partner to many leading 
semiconductor companies. The company operates production sites in Asia, Europe and the USA. Siltronic develops and 
manufactures silicon wafers in diameters of up to 300 mm. Silicon wafers form the basis for modern microelectronics and 
nanoelectronics and are a key component in semiconductor chips driving computers, smartphones, navigation systems and 
many other applications. Siltronic AG employs around 3,600 people and is a stock-listed company in Germany (Prime 
Standard). Siltronic shares are included in the MDAX and TecDAX. 
Disclaimer: 
Only the joint reasoned statements of the Executive Board and Supervisory Board are authoritative. The information in 
this press release does not constitute explanations or supplements to the contents in these statements. 
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2021-02-15 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Siltronic AG 
              Einsteinstr. 172 - Tower B / Blue Tower 
              81677 Munich 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.siltronic.com 
ISIN:         DE000WAF3001 
WKN:          WAF300 
Indices:      MDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Stuttgart, Tradegate Exchange 
EQS News ID:  1168183 
 
End of News   DGAP News Service 
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1168183 2021-02-15

(END) Dow Jones Newswires

February 15, 2021 02:59 ET (07:59 GMT)