Goldman Sachs targets Wistron for acquisition, says paper
Dec 20, 2006
GS Capital Partners, the private equity arm of Goldman Sachs, may invest US$2 billion to acquire Taiwan-based Wistron through a management buyout (MBO), according to today's Chinese-language Economic Daily News (EDN) quoting market sources.
Wistron declined to comment on the report while Acer Charmian JT Wang, the largest shareholder of Wistron, said the rumor is not true, the paper added.
The stock price of Wistron rose 7% to close at NT$46.50 on December 19 on the Taiwan Stock Exchange, an historical high since the company's listing on the TSE, the paper said