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 close of NT$41.40 on the Taiwan stock exchange.

The discount was quite modest given that the share price gained 3% yesterday on the back of stronger-than-expected first quarter earnings.

The strong results helped underpin...
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