Dutch parent sells $550 million of shares in ASM Pacific Technology

The deal comes after a study aimed at boosting the overall valuation of the parent company and attracts strong interest from event-driven hedge funds as well as long-only investors.
<div style="text-align: left;"> The ASM International group makes equipment for the production of semiconductors, such as this 300mm wafer (AFP) </div>
<div style="text-align: left;"> The ASM International group makes equipment for the production of semiconductors, such as this 300mm wafer (AFP) </div>
March 14, 2013

The Dutch parent company of Hong Kong-listed ASM Pacific Technology last night sold a 12% stake in the Hong Kong subsidiary through a block trade, raising HK$4.27 ($550 million).

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