Flexible Electronics News

Applied Materials Successfully Completes Semitool Tender Offer with More Than 94 Percent of Shares Tendered

Semitool will be operated as a part of Applied’s Silicon Systems Group

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. announced the successful completion of its $11 per share cash tender offer for all outstanding shares of Semitool, Inc. The tender offer expired at midnight, EST, on Dec. 17, 2009. Applied expects to effect a second-step merger to complete its acquisition of Semitool by Dec. 21, 2009. This acquisition will expand Applied’s capability to address emerging opportunities in the high-growth wafer packaging market and provides complementary systems and technology for advanc...

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