EE Times
February 22, 2008
SAN JOSE, Calif. -- Is
Asyst Technologies Inc. the next takeover target in the fab-tool arena?
Asyst (Fremont, Calif.) has rejected two approaches by a private-equity firm seeking to buy the fab-tool automation supplier, according to a report from Bloomberg, which appeared earlier this week.
Gores Group LLC ''told Asyst in December and again this month that it would consider paying as much as $6 a share, or about $298 million,'' according to the report.
This could be the year of the ''takeover'' in the fab-tool industry. So far this year, Japan's Sumitomo Heavy Industries Ltd.--along with private-equity firm TPG Group--have launched an unsolicited and hostile bid to acquire ion-implanter specialist Axcelis Technologies Inc. for approximately $544 million.
Source: EETimes
ASYS - Is Asyst the next takeover target?
