I think Their is a good chance that ASYT will find a potential buyer in the near future. With only 50,000,000 outstanding shares and a market cap of just $5,000,000 makes ASYT very attractive.
ASYT was approached with buyout offers last summer, and I think their will still be good interest here with it now being at a rock bottom price.
Keep in mind ASYT did near half a billion in revenue last year. Just imagine if they were bought out for say only 50 million. That would give ASYT $1 share value. Then again they could not be sold and not come out of BK.....Liquidate there assets and then be worth nothing. I personally don't see that happening.
Asyst approached over possible acquisition at $6.50 a share
By Simon Kennedy
Last update: 5:49 a.m. EDT July 16, 2008
LONDON (MarketWatch) -- Asyst Technologies Inc. (ASYT:
Asyst Technologies Inc
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3:01pm 04/23/2009
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ASYT 0.10, -0.01, -8.1%) said Wednesday that it has received an unsolicited letter from Aquest Systems Corp. expressing an interest in buying the company for $6.50 a share. The approach represents a 66% premium to Tuesday's closing price and values the group at around $326 million. Asyst, which supplies automation systems to semiconductor and flat panel display manufacturers, said it's reviewing the expression of interest and has requested more information from Aquest.
