Stats ChipPAC, Singapore
Singapore's Stats ChipPAC is set to announce plans for a sale to Chinese firm Jiangsu Changjiang for an enterprise value of about $1.8 billion, according to a source familiar with the matter.
Controlling shareholder Temasek and Stats ChipPAC will enter exclusive discussions with the Chinese group and plan to announce a voluntary general offer in late November. There will be an undertaking by Temasek to tender its 83.3% stake, the source added.
The deal is expected...