NEW YORK, April 20, 2017 /PRNewswire/ -- Eminence Capital, LP, which owns 9.6% of the outstanding voting shares of ASM International N.V. (Euronext Amsterdam: ASM) (the "Company" or "ASMI") and has been an ASMI shareholder for more than three years, today released a presentation highlighting how all ASMI shareholders, as well as the Company, would benefit from the divestiture of ASM Pacific Technology Ltd ("ASMPT").
The Eminence presentation is available at www.ASMIvaluecreation.com.
"Our case is clear. We strongly believe that ASMI would be a stronger and more valuable company without ASMPT, and we are not alone in that belief. Many of our fellow shareholders have advocated for this divestiture for many years, and management has never provided a reasonable defense for continuing to hold the financial stake," said Ricky Sandler, Eminence Capital's Chief Executive Officer and Chief Investment Officer.
Sandler plans to contact other AMSI institutional shareholders in the coming weeks and present the full analysis at the Company's Annual General Meeting scheduled for May 22, 2017.
About Eminence Capital, LP
Eminence Capital, LP is a global asset management firm founded in 1999 that currently manages approximately $6.5 billion on behalf of institutions and individuals. The firm employs a bottom-up, research-driven investment strategy that utilizes a combination of industry research, rigorous financial analysis and dialog with company management to execute its investment process.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eminence-capital-presents-plan-to-enhance-strategic-focus-and-increase-shareholder-value-of-asm-international-nv-300442260.html
SOURCE Eminence Capital, LP