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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