ASML Acquiring Cymer For $2.6 Billion

Posted Oct 18, 2012

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]