MOSCOW (MRC) -- The Wacker-Group, the current owner of Siltronic AG, and Siltronic in cooperation with the Joint Global Coordinators and Joint Bookrunners, have set the price range for the planned IPO of Siltronic from EUR 30 to EUR 38 per share, as per Wacker's press release.
The offer will comprise a maximum of 12,650,000 shares. Thereof, up to 5,000,000 shares will be new shares issued in a capital increase by Siltronic, 6,000,000 shares will be existing shares from the holdings of Wacker, and up to 1,650,000 shares will be existing shares relating to a possible over-allotment, also from the holdings of Wacker.
The securities of Wacker Chemie AG and Siltronic AG have not been and will not be registered under the Securities Act of 1933, as amended and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
As MRC wrote previously, Wacker Polymers, a division of Wacker Chemie AG, is to raise its prices for VINNAPAS vinyl acetate homopolymer dispersions as well as VINNAPAS vinyl acetate-ethylene (EVA) and VINNOL ethylene-vinyl chloride-based (EVCL) copolymer dispersions in Europe, the Middle East and Africa (EMEA). Effective June 15, 2015, Wacker will implement a price increase of up to eUR50 per ton, or as customer contracts allow. This measure has become necessary in the view of the recent increase in raw-materials cost. Dispersions of the VINNAPAS and VINNOL brand are applied in a broad variety of industries, ranging from adhesives, construction, nonwovens, paints and coatings to paper, carpet and textiles.
Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry.
MRC