Covalent Acquisition Price Saves 16%

GlobalWafers acquired Covalent Materials Corporation’s silicon wafer business via Japanese subsidiary, GWafers Inc., on April 1st 2012 with JPY 28 billion.

According to the purchase agreement, the final price shall be adjusted pursuant to the closing date’s net asset value. Hence, the purchase price is adjusted to JPY 23.464 billion, deduction reaches 16%. SAS acquires the company with a better price and synthesizes semiconductor business group.