News Article
KLA completes first stage of ICOS acquisition
The company purchases over 96% of outstanding shares
KLA-Tencor Corporation announced that it has finalised its purchase of the shares of ICOS Vision Systems Corporation NV submitted by shareholders into the tender offer. As a result, 2008, KLA-Tencor owns over 96% of the outstanding shares of ICOS, effective May 30.
As previously announced, because KLA-Tencor (through its wholly owned subsidiary) holds more than 95% of the shares of ICOS, it has reopened the takeover bid at the same terms to proceed with a squeeze out in order to acquire all of the remaining ICOS shares and 2002 warrants (but not the 2007 options) which, as of that time, have not been tendered to the bid. Following the squeeze out, KLA-Tencor expects to own 100% of the outstanding shares of ICOS. The bid price is EUR 36.50 for each share and EUR 32.76 for each 2002 warrant. The acceptance period for the squeeze out bid, which began on May 28, 2008, is expected to expire on June 17, 2008 at 4 p.m. (Central European Time).
Additional details regarding the offer and related acceptance procedures are set forth in the prospectus related to the offer. The prospectus is available in Belgium free of charge at the counters of KBC Securities, KBC Bank, CBC Banque
As previously announced, because KLA-Tencor (through its wholly owned subsidiary) holds more than 95% of the shares of ICOS, it has reopened the takeover bid at the same terms to proceed with a squeeze out in order to acquire all of the remaining ICOS shares and 2002 warrants (but not the 2007 options) which, as of that time, have not been tendered to the bid. Following the squeeze out, KLA-Tencor expects to own 100% of the outstanding shares of ICOS. The bid price is EUR 36.50 for each share and EUR 32.76 for each 2002 warrant. The acceptance period for the squeeze out bid, which began on May 28, 2008, is expected to expire on June 17, 2008 at 4 p.m. (Central European Time).
Additional details regarding the offer and related acceptance procedures are set forth in the prospectus related to the offer. The prospectus is available in Belgium free of charge at the counters of KBC Securities, KBC Bank, CBC Banque
