BRIEF-Eminence Capital pushes for divestiture of ASM Pacific Technology

April 20 (Reuters) -

* Eminence Capital, which owns 9.6 percent of ASM Int'l,

says "we strongly believe that ASMI would be a stronger and

more valuable company without ASMPT"

* Eminence capital on ASM - many of fellow shareholders have

advocated for divestiture of asmpt for many years

* Eminence capital on ASM - management has never provided a

reasonable defense for continuing to hold the financial stake in

ASMPT

* Eminence capital believes a multi-year plan to exit the

ASMPT stake via multiple block trades creates "most long-term

shareholder value"

* Eminence capital says first step should be a block trade

of 33 percent of ASMPT stake combined with a special dividend

* Eminence capital, which owns 9.6 percent of ASM Int'l,

says "we strongly believe that ASMI would be a stronger and

more valuable company without ASMPT"

Source text for Eikon:

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(Gdynia Newsroom)