Chip gear maker ASMPT gets takeover bid (updated)

ASMPT

14/10/2024 12:25

(Adds details and background throughout)
       Oct 14 (Reuters) - Hong Kong-listed chip equipment maker
ASMPT  0522.HK  said on Monday that it has received a takeover
bid, but did not name the potential acquirer nor give any
financial details.
    ASMPT -- valued at about HK$38 billion ($4.90 billion), per
LSEG data -- said the discussions were at an early stage and
that it had not reached any agreement.
    KKR  KKR.N  was considering a takeover bid for ASMPT, which
had also attracted takeover interest from investment firms and
industry players in Asia, Bloomberg News had reported earlier
this month, citing people familiar with the matter.
    Singapore-headquartered ASMPT is present in more than 30
countries and has about 10,800 employees, according to its
website.
 
 ($1 = 7.7658 Hong Kong dollars)

 (Reporting by Ayushman Ojha; Editing by Sonia Cheema)
 ((Ayushman.Ojha@thomsonreuters.com;))