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Asyst says unsolicited offer was previously rejected

29 February 2008 | By Síle Mc Mahon | News > Fab Management

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Asyst Technologies has said that an unsolicited offer had been rejected by its board of directors for all shares in the company. Asyst said that Gores Group and Aquest Systems’ offer was inadequate and significantly undervalued the company.

Merrill Lynch was said to be acting as financial advisor and Baker & McKenzie, LLP, as legal advisor to Asyst.

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