ASML Acquiring Cymer For $2.6 Billion
ASML is a Dutch semiconductor company that is acquiring Cymer for 1.95 billion euros ($2.6 billion). The deal is being made through cash-and-stock.
“We believe that this transaction will improve our capabilities to bring new technologies to our customers,” stated ASML CEO Eric Meurice.
Cymer shareholders will receive $20 and 1.15 ASML shares for each Cymer share. This is a 70% premium of Cymer’s closing share price as of this past Tuesday.
ASML will continue to operate Cymer as a stand-alone division. The deal is expected to close in the first half of 2013.
[NYT]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry