February 19, 2008, 1:15 pm
Asyst: Report Gores Group Twice Offered $6 A Shr Buyout
Posted by Eric Savitz
Asyst Technologies (ASYT) shares are sharply higher today on a Bloomberg report asserting that the company has rejected two attempts by Gores Group to take the company private.
The story said Gores in December told Asyst it would consider paying as much as $6 a share for the semiconductor equipment company, and repeated the offer this month. According to the story, Asyst’s board decided the price was too low.
Asyst today is up 75 cents, or 29%, to $3.34.
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
