Market Chatter: KKR Mulls Takeover Bid for ASMPT

MT Newswires Live

Oct 03, 2024

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The talks are in their early stages and could not lead to a transaction, Bloomberg said.</p><p>The chip gear maker has received similar offers in the past, the report stated.</p><p>KKR declined to comment when reached by MT Newswires, while ASMPT did not immediately respond to a request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348825331.USD","symbol_name":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472633196","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472633196","pubTimestamp":1727939848,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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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.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}