Dutch Supreme Court Quashes Probe Into ASMI Board Policy

Date : 07/09/2010 @ 6:13AM
Source : Dow Jones News
Stock : (MM) (ASMI)
Quote : 35.53  0.0 (0.00%) @ 2:06AM

Dutch Supreme Court Quashes Probe Into ASMI Board Policy

Asm International (EU:ASM)
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Dutch semiconductor equipment maker ASM International NV (ASM.AE) won't face an investigation into management decisions by its board after the Netherlands' Supreme Court Friday ruled that such a probe is not legitimate.

The investigation, which had been imposed by the Enterprise Chamber in Amsterdam, was requested by activist equity funds Hermes and Fursa, who jointly hold a 20% interest in ASMI.

Hermes and Fursa disagree with the company's management over strategy.

-By Maarten van Tartwijk; Dow Jones Newswires; +31-20-5715-200; maarten.vantartwijk@dowjones.com

 
 

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