Flexible Electronics News

Applied Materials Completes Acquisition of Semitool

The merger follows Applied’s announced $11 per share cash tender offer for all outstanding shares of Semitool

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. announced that it has completed its acquisition of Semitool, Inc. This acquisition expands Applied’s capability to address emerging opportunities in the high-growth wafer packaging market and provides complementary systems and technology for advanced semiconductor manufacturing. On Dec. 21, 2009, Semitool was merged with a wholly-owned subsidiary of Applied. As a result of the merger, each outstanding share of Semitool common stock (other than shares owned by Applied o...

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