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Update: Asyst CEO resigns: Asyst to be delisted from NASDAQ this week

27 April 2009 | By Mark Osborne | News > Fab Management

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News update: Asyst CEO resigns. The NASDAQ Stock Market is to delist Asyst Technologies on April 30, 2009, due to its recent move for Chapter 11 insolvency in the U.S. Asyst said that it would not appeal the decision. The fab automation specialist has not been profitable for many years and was already at threat of being delisted due to its stock trading below US$1 dollar.

Asyst is seeking to restructure the company and continue with customer support operations and has said that it would also seek a strategic partner or sale of the company.

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