UPDATE 1-Chip gear maker ASMPT gets takeover bid

Reuters
2024/10/14

(Adds details and background throughout)

Oct 14 (Reuters) - Hong Kong-listed chip equipment maker ASMPT 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 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;))

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