The Wall Street Journal, 1 Jun 2009, COSTAS PARIS and SE YOUNG LEE
SINGAPORE -- Singapore state investment company Temasek Holdings Pte. Ltd. is considering an offer for its stake in Chartered Semiconductor Manufacturing Ltd. for 2.35 billion Singapore dollars (US$1.63 billion), two people familiar with the situation said.
The offer by Advanced Technology Investment Co., a technology investment firm owned by Abu Dhabi, values Chartered Semiconductor at S$2.50 (US$1.73) a share.
"Temasek is considering the offer, but there have been offers before and a deal was not reached. This time the premium looks attractive," one of the people said.
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