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Aixtron Said in Talks With Potential Buyers Amid Sales Struggle

Aixtron SE, a German equipment supplier to the semiconductor industry, is holding informal talks with potential buyers as it grapples with the loss of a major customer and more difficult conditions for chipmakers, according to people familiar with the matter.

The company is working with long-time financial adviser JPMorgan Chase & Co. to explore options and has spoken with potential buyers, including its main U.S. rival Veeco Instruments Inc. and Chinese bidders, the people said, asking not to be identified as the information is private. Discussions have been on-and-off again for months, and the company is unlikely to reach an agreement with any party soon, the people said.

Aixtron shares plunged as much as 43 percent on Dec. 10 after the company said Chinese client Sanan Optoelectronics Co. canceled orders, forcing Aixtron to reduce its sales outlook for the year. The company’s shares have fallen 41 percent in the last 12 months, giving Aixtron a market value of about 471 million euros ($535 million).

Semiconductor companies accounted for $85.7 billion of deals in the last 12 months, according to data compiled by Bloomberg, as they combined in the face of rising production costs and a shrinking customer list. In the industry’s biggest deal in the past year, Avago Technologies Ltd. agreed to buy Broadcom Corp. in a cash-and-stock offer valued at $37 billion when it was announced in May.

Spokesmen for Aixtron and Veeco declined to comment.

http://www.bloomberg.com/news/articles/2016-03-31/aixtron-sa…
 
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Autor (Datum des Eintrages): HSM  (31.03.16 17:33:18)
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