Flexible Electronics News

Applied Materials to Acquire Varian Semiconductor Equipment Associates

Deal would extend Applied's leadership in chip equipment

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. and Varian Semiconductor Equipment Associates, Inc. announced the signing of a definitive merger agreement under which Applied will acquire Varian for $63 per share in cash for a total price of approximately $4.9 billion on a fully-diluted basis. The price represents a 55 percent premium to yesterday’s closing price, or a 38 percent premium to Varian’s 30 day average closing price. The merger received unanimous approval by the Boards of Directors of both compa...

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