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KKR is said to weigh takeover bid for Hong Kong chip equipment maker ASMPT

Bloomberg
Bloomberg • 2 min read
KKR is said to weigh takeover bid for Hong Kong chip equipment maker ASMPT
KKR has made non binding, preliminary approach to buy Hong Kong based ASMPT, which has received previous takeover approaches in the past. Photo: Bloomberg
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KKR & Co. is considering a takeover bid for the roughly US$5 billion ($6.44 billion) semiconductor and electronics equipment maker ASMPT Ltd., people familiar with the matter said, a move that would follow previous acquisition attempts from other bidders.

The US alternative asset manager has made a non-binding, preliminary approach to take Hong Kong-listed ASMPT private, the people said, asking not to be identified because the matter is private. Considerations are at an early stage and may not lead to a transaction, the people said. ASMPT may also attract interest from other buyout firms, one of the people said.

ASMPT shares have gained 23% this year, giving the company a market value of about US$4.9 billion. ASM International NV, a Dutch semiconductor-equipment maker which holds a roughly 25% stake in ASMPT, has in the past been pushed by activist investors to sell its stake.

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