ASMI’s Founder Del Prado Is Open to Company’s Breakup
This article is for subscribers only.
ASM International NV’s founder and largest shareholder, Arthur del Prado, may be open to splitting the company in two, making a scenario opposed by the company for years more probable, analysts said.
The shares rose as much as 8.9 percent in Amsterdam today, gaining a second day. A lawyer for Del Prado indicated at the annual meeting yesterday that “under the current circumstances, front-end can do fine on its own, albeit synergies still exist,” said Robin van den Broek, an analyst at ABN Amro, who attended the meeting.