News Article
Shares of ASMI rise after Applied Materials offer
ASM International announces receipt of unsolicited indicative offer for ALD and PECVD Front-End business activities
ASM International (ASMI) announces that it has received an unsolicited indicative offer from Applied Materials, for its ALD (Atomic Layer Deposition) and PECVD (Plasma Enhanced Chemical Vapour Deposition) activities. For the purpose of this offer, which was communicated orally, Applied Materials has indicated an initial value of these activities in the range of USD 400 million to USD 500 million.
A divestment of the ALD and PECVD activities would have major implications for ASMI's current strategy and business model.
ASMI's management board and supervisory board will internally discuss the offer and its implications. ASMI will determine its initial position with respect to the offer and make a public announcement thereof as soon as reasonably possible and no later than on June 14.
ASMI’s shares rose 23% after the offer went public.
A divestment of the ALD and PECVD activities would have major implications for ASMI's current strategy and business model.
ASMI's management board and supervisory board will internally discuss the offer and its implications. ASMI will determine its initial position with respect to the offer and make a public announcement thereof as soon as reasonably possible and no later than on June 14.
ASMI’s shares rose 23% after the offer went public.
