Taiwan’s wafer manufacturer GlobalWafers made what it said was a final attempt to save a 4.35 billion euro ($5.3 billion USD) bid for Germany’s Siltronic on Monday.

The proposed deal would combine GlobalWafers, the number three player and Siltronic, the fourth biggest in the 300 millimetre wafers market, to create the world’s second-largest player behind Japan’s Shin-Etsu.

GlobalWafers, which makes silicon wafers used in computers, smart phones, and other appliances, raised its bid for its German rival in two days last week to 145 euros from an original offer of 125 euros as it seeks to win over shareholders.

Shares in Siltronic were trading down 3% at 140.85 euros by 0855 GMT, while GlobalWafers’ stock was trading 3.6% lower.

Original: https://www.reuters.com/article/us-siltronic-m-a-ffers-idUSKBN29U0GN