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ASMI shareholder attacks board

Monday 31 March 2008

ASMI shareholder Hermes has called for the sacking of five members of the chip maker's supervisory board and its chairman Chuck del Prado.

Hermes wants the issue placed on the agenda at ASMI's annual general meeting in May.

The company is under attack from a number of activist shareholders which want to split off its poorly-performing front end division which manufactures chip-making machinery.

© DutchNews.nl


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