Asm International (EU:ASM)
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5 Years : From Sep 2012 to Sep 2017
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; email@example.com