News Article
LAM acquisition of SEZ a success
At an extraordinary shareholders' meeting of single wafer processor SEZ, it was announced that the public tender acquisition of SEZ has been declared a success.
SEZ Holding Ltd. has announced that on 12 February 2008 Lam Research Corporation has published the preliminary interim results of the public tender offer for all publicly held shares of SEZ Holding Ltd. and has declared the public tender offer successful. As of the end of the main offer period on 11 February 2008, 12,853,522 registered shares have been tendered, corresponding to 75.95 percent of all issued SEZ shares and all SEZ shares that could be created through the exercise of all outstanding employee stock options.
In connection with the public tender offer of Lam Research Corporation, SEZ Holding Ltd. calls for an extraordinary shareholders' meeting in Zurich on 6 March 2008. The invitation, which is expected to be published in the Swiss Commercial Gazette on 15 February 2008, will include the motions of the board of directors to cancel the transfer restrictions in the articles of association (article 6, section 2, sentences 2 and 3) and to elect board members. Both resolutions shall be subject to the condition that the offer will be settled. Closing of the share register is expected to take place on 14 February 2008 (qualifying date).
Subject to the settlement of the offer, all members of the board of directors of SEZ Holding Ltd., except Mr. Egon Putzi, have resigned as of the date of the settlement of the offer. Therefore, the board of directors applies for the election of Mr. Martin Anstice (USA), Chief Financial Officer of Lam Research Corporation, and Mr. George Schisler (USA), General Counsel of Lam Research Corporation, as members of the board of directors for a term ending at the next ordinary shareholders' meeting, subject to the condition that the offer will be settled.
In connection with the public tender offer of Lam Research Corporation, SEZ Holding Ltd. calls for an extraordinary shareholders' meeting in Zurich on 6 March 2008. The invitation, which is expected to be published in the Swiss Commercial Gazette on 15 February 2008, will include the motions of the board of directors to cancel the transfer restrictions in the articles of association (article 6, section 2, sentences 2 and 3) and to elect board members. Both resolutions shall be subject to the condition that the offer will be settled. Closing of the share register is expected to take place on 14 February 2008 (qualifying date).
Subject to the settlement of the offer, all members of the board of directors of SEZ Holding Ltd., except Mr. Egon Putzi, have resigned as of the date of the settlement of the offer. Therefore, the board of directors applies for the election of Mr. Martin Anstice (USA), Chief Financial Officer of Lam Research Corporation, and Mr. George Schisler (USA), General Counsel of Lam Research Corporation, as members of the board of directors for a term ending at the next ordinary shareholders' meeting, subject to the condition that the offer will be settled.
