Shareholders of chipmaker Chartered approve takeover by Abu Dhabi

Business News

Nov 4, 2009, 5:04 GMT

Singapore - Shareholders of Singapore chip-maker Chartered Semiconductor Manufaturing Ltd on Wednesday approved the take-over by Abu Dhabi's state-owned investment company Advanced Technology Investment Company LLC (Atic), the companies said in a statement. The proposal had been approved by 82.56 per cent of the shareholders present and voting in person or by proxy, representing 99.83 per cent of the shares held by shareholders, the statement said. In September, Atic had offered to buy loss-making Chartered Semiconductor for 1.8 billion US dollars in cash in a deal that would allow the new owner to compete with leading chipmakers from Taiwan and to become a major player in the business. Singapore's state-owned investment arm Temasek Holdings currently owns 62 per cent of Chartered's shares.

Your Talkback on this Story

Older Talkback

Latest Headlines in Business

News from Other Sites

Phishing: Verified by Visa scam targets holiday shoppers

- The Tech Herald

Writer Hired For Underworld 4
Brad Pitt Producing Dark Void Video Game Adaptation

- Cinema Blend

Business: Index

: News; Features; Currency Conversion

From Sites We Like

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint

USA

Business

Shareholders of chipmaker Chartered approve takeover by Abu Dhabi

Business News

Your Talkback on this Story

Older Talkback

Similar articles

Latest Headlines in Business

News from Other Sites

From Sites We Like

Latest Tech Herald News

Latest Cinema Blend News

In Monsters and Critics

Corporate

The Fine Print