ASMPT (522 HK): KKR's Proposal Is A Non-Starter

Oct 03, 2024

∙ Paid

Reportedly - Bloomberg - KKR has made a non-binding proposal for ASM Pacific Technology (522 HK), the world’s leading back-end semiconductor production equipment supplier.
ASMPT's largest shareholder, ASM International Nv (ASM NA), with 25%, has been the focus of activists for some time to sell its stake.
This bid has all the hallmarks of the approach (also cited by Bloomberg) by PAG last year. Which came to nought. From a regulatory standpoint, I can't see this happening.

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