Asyst Technologies, Inc. (fka ASYTQ)

[Insane_Vester]

We shall know June 9th.


From BB2 ASYTQ Yahoo board.


The moment we all have been waiting for is almost here. The motion to sell the company was filed on 6/2. There is a hearing on June 5th on the sales motion.

According to Docket #154, several bidders submitted bid on 5/18/09. The initial non-binding bids received reflected significant interest among bidders for the acquisition of all of Asysts'business.

Deadline for Qualified bidders shall be June 7th. If more than one qualified bidder, there will be an auction on June 9th at 3pm Pacific time.

All bidding thereafter shall be made in the form of an overbid. The bid procedure anticipates an overbid process for the Asyst US Assets.

No later than 6/8, qualified bidders will be notified.

There is no stalking horse bidder, hence no break-up fees. This bodes well for the estate.

Keep your fingers crossed and hope for a major bidding war!

Best of wishes to all--spread the love!
BB2

p.s. I will be saying extra prayers... :)