SAN FRANCISCO (MarketWatch) — Cymer Inc.
saw its shares surge more than 58% to $75.50 on Wednesday morning after the maker of semiconductor lithography equipment agreed to a buyout deal with ASML Holding
The cash-and-stock transaction is valued at about 1.95 billion euros, or about $2.5 billion. The deal gives Cymer shareholders a premium of about 61 percent over the stock’s 30-day volume-weighted average price. Both companies specialize in a technology called extreme ultraviolet lithography, or EUV, which is used to create smaller, more energy efficient chip products. The deal is expected to close in the first half of 2013, and requires approval from regulators and Cymer’s shareholders. ASML’s U.S.-listed shares were down nearly 3% in early trades.
View more information: https://www.marketwatch.com/story/cymer-shares-surge-on-asml-buyout-deal-2012-10-17