Aquest Systems and Gores Group Presents Proposal To Acquire Asyst Technologies (ASYT)
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Aquest Systems Corp. and The Gores Group, LLC relsead a letter describing their proposal to explore the acquisition of Asyst Technologies, Inc. (Nasdaq: ASYT) at a significant premium to the company's current share price. The two made a proposal to acquire ASYT for $5.00-$6.00 per share.
Asyst closed at $3.64 on Friday.
Asyst rejected an earlier proposal from The Gores Group.
In the letter the group said, "While The Gores Group, LLC was disappointed in your rejection of Gores' prior expression of interest when we met with you on January 9, 2008, Gores continues to be interested in pursuing a transaction with Asyst Technologies, Inc.. To that end, Gores is pleased to advise you that it has partnered with Aquest Systems Corp. and its management and shareholders, to make the following proposal to acquire Asyst for $5.00 - $6.00 per share."
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