KKR mulls takeover bid for chip equipment maker ASMPT, Bloomberg News reports (updated)

ASMPT

02/10/2024 08:18

(Adds details from the report in paragraphs 3,4, background in
paragraph 6)
       Oct 2 (Reuters) - KKR  KKR.N  is considering a takeover
bid for chip equipment maker ASMPT  0522.HK , Bloomberg News
reported on Wednesday, citing people familiar with the matter.
    Hong Kong-listed ASMPT is valued at HK$39.39 billion ($5.07
billion), according to LSEG data.
    The U.S. private equity firm has made a non-binding,
preliminary approach to take ASMPT private, according to the
report.
    Dutch chip equipment maker ASM International  ASMI.AS ,
which owns a 25% stake in ASMPT, has been pushed by activist
investors to sell its stake in the past, the report said, adding
that the company has also attracted takeover interest from
investment firms and industry players in Asia.
    KKR declined to comment, while ASMPT did not immediately
respond to a Reuters' request for comment.
    Singapore-headquartered ASMPT has a presence in more than 30
countries, with about 10,800 employees worldwide, according to
its website.
    
($1 = 7.7660 Hong Kong dollars)

 (Reporting by Disha Mishra in Bengaluru; Editing by Sonia
Cheema)
 ((Disha.Mishra@thomsonreuters.com;))