ASMPT ends takeover talks amid regulatory and geopolitical risks, following a 20% stock drop.

ASMPT, a Hong Kong-listed semiconductor equipment maker, has ended takeover talks with a potential buyer, after shares fell over 20% following initial reports. Though global investment firm KKR was reportedly considering a bid, the talks ended due to regulatory and geopolitical risks, as US investment in China has decreased amid heightened scrutiny and economic slowdown. ASMPT has a market cap of about $4.44 billion.

November 11, 2024
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