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AMKR > SEC Filings for AMKR > Form 8-K on 29-Mar-2013All Recent SEC Filings

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Other Events

Item 8.01.Other Events.

On September 29, 2011, Amkor issued a joint press release with Toshiba Corporation announcing that they had signed a non-binding memorandum of understanding for the acquisition by Amkor of Toshiba Electronics Malaysia Sdn. Bhd. ("TEM"), Toshiba's semiconductor assembly operation in Malaysia, together with a license to Amkor for certain related intellectual property rights. The Malaysia facility is engaged in the assembly and test of primarily power discrete semiconductors. On November 14, 2011, Amkor and Toshiba jointly announced that, in light of severe flooding in Thailand affecting the operations of a subsidiary of Toshiba, they had jointly agreed to postpone discussions regarding the proposed acquisition.

Discussions between Amkor and Toshiba regarding the possible acquisition of TEM have resumed, although any transaction is subject to the satisfactory conclusion of due diligence, negotiation and signing of definitive agreements and receipt of any necessary government approvals. The final purchase price has not yet been determined, but it is currently expected that Amkor will pay in the range of 7.2 billion (approximately $76 million) in cash plus a license royalty to be determined, and provide additional working capital for the business following closing.

Forward-Looking Statement Disclaimer

This report contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including, without limitation, statements regarding the pricing and other terms of the proposed acquisition. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following: the proposed transaction is subject to due diligence, further negotiation, entry into definitive agreements, the receipt of any necessary government approvals and the satisfaction of any other conditions to closing; and the proposed transaction may not be completed on the terms expected or at all.

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