Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Applied Materials, Inc. > News item |
Applied Materials' tender offer for Semitool clears waiting period
By Lisa Kerner
Charlotte, N.C., Dec. 17 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in Applied Materials, Inc.'s $11-per-share cash tender offer for Semitool, Inc., according to an Applied Materials news release.
The tender offer was scheduled to expire at midnight ET on Thursday.
As previously reported, Semitool agreed to be acquired by Applied Materials in an all-cash tender offer valued at $364 million.
Semitool, based in Kalispell, Mont., supplies electrochemical plating and wafer surface preparation equipment to chip-packaging and chip-making companies.
Applied Materials is a Santa Clara, Calif., manufacturer of semiconductor equipment.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.