STATS ChipPAC

STATS ChipPAC: After having spiked 15% yesterday to 38.5¢. Company has announced that it has received a non-binding expression of interest to a possible takeover. There may still be some room to go, taking the cue from the most recent high in Apr of $0.43, just below the 52-week high of $0.445. The counter was previously a candidate of a failed buy out attempt by Temasek in 2007. We do not rule out that any potential privatization attempts may be backed by Temasek, which owns 83.8%.