Acer cuts stake in Wistron by about one third

Fixed-price transaction completed at 1.45% discount to latest close.

Wistron Corp, one of TaiwanÆs top electronics contract manufacturer, yesterday saw $128 million worth of its GDRs change hands as Acer reduced its stake in the company by about one third.

The sale, which was arranged by Credit Suisse, comprised 10 million Global Depositary Receipts û each equal to 10 common shares û which were offered and sold at a fixed price of $12.76 apiece. The price translated into NT$40.80 or a 1.45% discount to ThursdayÆs April 27...

To continue reading, please login or register for free

Click for more on: placement | gdr | computers | credit suisse

Print Edition

FinanceAsia Print Edition