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Dutch Supreme Court Quashes Probe Into ASMI Board Policy

AMSTERDAM -(Dow Jones)- 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

Stock News for Asm (ASMI)
DateTimeHeadline
03/13/201317:02:19ADR Shares End Lower Amid Rise in Italian Borrowing Costs, Euro-Zone...
03/13/201313:34:37EUROPE MARKETS: Italy Auction, Data Weigh On Europe Stocks
03/13/201311:30:33EUROPE MARKETS: Costly Italian Auction Adds To Europe Stock Gloom
03/13/201308:08:25EUROPE MARKETS: Gloomy Data, Rally Jitters Drive Europe Losses
08/23/201201:30:21Venture Capital Flows into Dutch Semiconductor Equipment Sector
05/16/201211:04:33ASMI Soars After Founder Drops Opposition To Company's Split
05/16/201204:44:12ASMI Founder Drops Opposition To Splitting Company In Two -Report
01/10/201107:24:10ASM Pacific Tech Completes Acquisition Of Siemens Assembly Unit
07/28/201018:32:06Siemens Selling Assembly Systems Business To ASM Pacific Technology
07/09/201006:13:31Dutch Supreme Court Quashes Probe Into ASMI Board Policy
04/16/201004:10:15Europe lower for first time in three sessions
04/13/201012:29:18EARNINGS PREVIEW: European Chip Sector At Top End Of Views
01/18/201011:57:35EARNINGS PREVIEW: European Chip Sector Poised For Rebound
11/05/200909:01:01PRESS RELEASE: ASMI: ASM International N.V. Announces Availability...
11/03/200908:46:42PRESS RELEASE: ASMI: ASM International Raises EUR150 Million...
11/03/200902:34:47PRESS RELEASE: ASMI: ASM International Launches An Offering Of...

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