US private equity giant KKR & Co. is looking to buy out ASMPT (HKG:0522) for $5 billion and take it private, Bloomberg News reported Wednesday, citing people familiar with the matter.
KKR made a non-binding, preliminary approach for the takeover. The talks are in their early stages and could not lead to a transaction, Bloomberg said.
The chip gear maker has received similar offers in the past, the report stated.
KKR declined to comment when reached by MT Newswires, while ASMPT did not immediately respond to a request for comment.
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