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    WAF   DE000WAF3001

SILTRONIC AG

(WAF)
  Report
Delayed Xetra  -  05/18 11:35:01 am EDT
87.40 EUR   -3.27%
05/11SILTRONIC : Deutsche Bank gives a Neutral rating
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05/10SILTRONIC : UBS reiterates its Neutral rating
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05/10TRANSCRIPT : Siltronic AG, Q1 2022 Earnings Call, May 10, 2022
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Siltronic Sale to GlobalWafers in Limbo as German Government yet to Give Clearance

01/17/2022 | 01:28am EDT

By Joshua Kirby

Siltronic AG said late Friday that a takeover by Taiwan's GlobalWafers Co. still hasn't been approved by the German government, with just weeks remaining until the offer period expires.

The chip maker said it has received no information from the country's economic ministry regarding the conditions necessary for government clearance. The bid from GlobalWafers provides that all conditions have to be met by Jan. 31, and remains dependent on clearance from the German government, Siltronic said.

At the end of 2020, industrial manufacturer GlobalWafers made an all-share bid via a subsidiary, GlobalWafers GmbH, for Siltronic at 125 euros ($142.69) a share, later increased to EUR145 a share.

Siltronic meanwhile said it will release its preliminary results for 2021 on Feb. 2. They had previously been scheduled for Jan. 26.


Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby


Corrections & Amplifications

This story was corrected at Feb. 1, 2022. The earlier version incorrectly said that GlobalWafers raised the offer price for Siltronic to EUR140 a share. The price was raised to EUR145.

(END) Dow Jones Newswires

01-17-22 0128ET

Stocks mentioned in the article
ChangeLast1st jan.
GLOBALWAFERS CO., LTD. 0.17% 575 End-of-day quote.-35.25%
SILTRONIC AG -3.27% 87.4 Delayed Quote.-38.21%
All news about SILTRONIC AG
05/11SILTRONIC : Deutsche Bank gives a Neutral rating
MD
05/10SILTRONIC : UBS reiterates its Neutral rating
MD
05/10TRANSCRIPT : Siltronic AG, Q1 2022 Earnings Call, May 10, 2022
CI
05/10Siltronic AG reports very good Q1 and expects positive business development for 2022
EQ
05/10Siltronic AG Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/28Wacker Chemie sticks with profit guidance despite sales boost
RE
04/27SILTRONIC : Gets a Buy rating from Jefferies
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03/31SILTRONIC : Jefferies gives a Buy rating
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03/24SILTRONIC : Annual Report 2021 (including consolidated financial statements and combined m..
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03/20SILTRONIC AG(XTRA : WAF) added to Germany MDAX Index (Performance)
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Analyst Recommendations on SILTRONIC AG
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Financials
Sales 2022 1 700 M 1 784 M 1 784 M
Net income 2022 329 M 345 M 345 M
Net Debt 2022 401 M 421 M 421 M
P/E ratio 2022 7,97x
Yield 2022 3,93%
Capitalization 2 622 M 2 752 M 2 752 M
EV / Sales 2022 1,78x
EV / Sales 2023 1,83x
Nbr of Employees 4 100
Free-Float 49,6%
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Technical analysis trends SILTRONIC AG
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 87,40 €
Average target price 115,63 €
Spread / Average Target 32,3%
EPS Revisions
Managers and Directors
Christoph von Plotho Chief Executive Officer
Rainer Irle Chief Financial Officer
Tobias Ohler Chief Financial Officer
Hermann Gerlinger Member-Supervisory Board
Bernd Jonas Member-Supervisory Board
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