Cooley is advising the special committee of ChipMOS TECHNOLOGIES Bermuda (Nasdaq: IMOS) on its agreement to merge into its subsidiary ChipMOS TECHNOLOGIES Taiwan. ChipMOS is an industry leading provider of semiconductor assembly and test services.
Subject to customary closing conditions, the merger is expected to close in the third quarter of 2016.
The combined company will operate under the name ChipMOS Taiwan and an application will be submitted for the listing of the new American Depository Shares on the Nasdaq.
SJ Cheng, chairman and CEO of ChipMOS and ChipMOS Taiwan said in a public statement that, "The completion of the merger will allow us to more efficiently operate as a singular entity and brand, placing ChipMOS in an even stronger position for future growth and development."