Analyst Doesn't Sees UMC Buyout

According to Barron's Tech Trader Blog, Merrill Lynch analyst Daniel Heyler doesn't see a buyout of United Microelectronics Corp. (NYSE: UMC) as likely. The Taiwanese contract chip maker has risen recently following a bid for Advanced Semiconductor Engineering, Inc. (NYSE: ASX) from a consortium of investors led by private equity firm The Carlyle Group. Link