Nov 11 (Reuters) - Hong Kong-listed ASMPT ( ASMVF ) on
Monday said it has ended takeover talks with a potential suitor,
curbing media speculation around the semiconductor and
electronics equipment maker's possible privatisation.
Last month, the company said it had received a takeover bid,
but did not provide financial details or any information about
the potential buyer.
Global investment firm KKR & Co ( KKR ) was said to have
been mulling a buyout bid for ASMPT ( ASMVF ), according to a Bloomberg
News report on Oct. 2.
ASMPT's ( ASMVF ) shares rose more than 11% to a three-month high on
the day Bloomberg News first reported the news, closing about 3%
higher. However, they have since declined more than 20%.
The firm's shares closed 4% lower at HK$79.9 on Monday,
their lowest level since late September.
Netherlands-based semiconductor equipment maker ASM
International NV, which owns around 25% stake in the
company, has in the recent past been asked by activist investors
to sell its holding.
Media reports had first emerged in March 2023 that Hong
Kong-headquartered alternative investment firm PAG was among the
companies that had expressed interest to take ASMPT ( ASMVF ) private.
ASMPT ( ASMVF ) is a major global provider of technology and equipment
used in the manufacture of chips. Its market capitalisation as
of Friday's closing stands at HK$34.52 billion ($4.44 billion),
according to LSEG data.
($1 = 7.7734 Hong Kong dollars)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Varun H
K)