Bankrupt Asyst Reaches Deals To Sell Off Assets

Law360, New York (July 31, 2009, 3:08 PM EDT) -- In a bid to close the book on its bankruptcy proceeding, semiconductor technology provider Asyst Technologies Inc. has inked deals to sell off its three business operations, including its automation assets and connectivity software assets.

Exact terms of the deals have not yet been disclosed, and the agreements are subject to final approval by the U.S. Bankruptcy Court for the Northern District of California. Fremont-Calif.-based Asyst expects the transactions to close by the end of August, it said Friday.

Paula LuPriore, Asyst's chief restructuring officer, said...
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