Asyst Technologies (ASYT) Receives Unsolicited $6.50/Share Expression of Interest
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Asyst Technologies, Inc. (Nasdaq: ASYT) received an unsolicited letter from Aquest Systems Corp. expressing an interest in exploring a potential acquisition of Asyst for $6.50 in cash per share. Consistent with its fiduciary duties, Asyst's Board of Directors is reviewing the expression of interest in consultation with its financial and legal advisors.
As part of its review, the Board has requested information from Aquest to substantiate a potential acquisition, including the availability and sources of committed financing. In addition, the Asyst Board is seeking to better understand the relationship disclosed in the letter between Aquest, The Gores Group and Riley Investment Management (Riley).
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