Applied Materials borrows 364 million acquisitions to expand mobile device chip market Applied Materials Inc. (AMAT-US), the world's largest chip manufacturing equipment manufacturer, announced on Tuesday (17th) that it would spend $ 364 million in cash to acquire the same industry Semitool Inc (SMTL-US) to expand the company's market business. Small Table Clock,Desk Clock,Bicycle Desk Clock,Bicycle Clock With Font Guangzhou Huanyu Clocking Technologies Co., Ltd. , https://www.findclock.com
According to foreign media reports, Mike Splinter, CEO of Applied Materials, said the acquisition will help the company expand its semiconductor operations and extend its reach to the mobile device market, including "smartphones" and notebook computers.
Applied Materials said that the purchase price is equivalent to Semitool's $ 11 per share, a 31% premium over yesterday's closing price.
If you want this transaction to succeed, you need to get more than 2/3 of Semitool shareholders' consent. The two companies are expected to conclude the transaction by the end of this year (2009). The shareholders and directors of Semitool hold approximately 32% of the company ’s shares, and they have all agreed to dispose of their shares.