The federal Committee on Foreign Investment has completed its review of SunEdison Semiconductor Ltd.’s planned acquisition by GlobalWafers Co. Ltd. in a deal worth $683 million.
The companies said Monday they received notice that the committee found there were no unresolved national security concerns related to the acquisition. The companies also said the applicable waiting period under the Hart-Scott-Rodino Act in the U.S. has expired, and they have received approval from German antitrust authorities for the deal.
St. Peters-based SunEdison Semiconductor announced Aug. 17 that it agreed to a buyout by GlobalWafers Co. Ltd. of Hsinchu, Taiwan, one of the six largest silicon wafer manufacturers in the world.
GlobalWafers’ offer for SunEdison Semiconductor was approved by the boards of both companies. The deal is expected to close before year’s end, subject to approval by SunEdison Semiconductor’s shareholders at a meeting Nov. 7 and remaining regulatory approvals.