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ASM International NV (ASMI.AS)

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Mon, Apr 24 2017

ASM International plans up to $277 mln selldown in ASM Pacific

HONG KONG, April 24 Dutch semiconductor equipment supplier ASM International said on Monday it plans to reduce its stake in Asian affiliate ASM Pacific Technology Ltd in a deal that may be worth up to $277 million, according to a term sheet seen by Reuters.

BRIEF-ASM International intends to sell stake of 20 millions shares in ASMPT

* Announces that it intends to sell a stake of 20 million shares of total outstanding share capital in ASM Pacific Technology Ltd (ASMPT) through a partial secondary share placement

BRIEF-ASM International Q1 earnings miss Reuters poll

* Q1 new orders is 204.2 million euros ($219.4 million) versus 180 million euros in Reuters poll

BRIEF-ASM International Q4 new orders at 176.9 million euros beating Reuters poll

* Q4 new orders 176.9 million euros ($185.9 million) versus 143 million euros in Reuters poll

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