Tokyo Electron Completes Acquisition of FSI International
Tokyo Electron Limited (TEL)has announced that the tender offer by its wholly-owned subsidiary, RB Merger Corp., for all outstanding shares of common stock of FSI International, Inc.
TEL agreed on $6.20 in cash for each share of FSI common stock.
Shortly after accepting for payment all shares tendered in the offer, RB Merger Corp. consummated the short-form merger and FSI became an indirect wholly-owned subsidiary of Tokyo Electron.
"It is our pleasure to announce the successful consummation of the transaction with FSI. We welcome FSI employees to the Tokyo Electron family, and look forward to providing FSI's customers with world class service," says Hiroshi Takenaka , President and CEO of Tokyo Electron. "The acquisition of FSI will greatly expand Tokyo Electron's surface preparation product and application portfolio, enabling us to better meet our customers' demands for innovative solutions."
The new company is called TEL FSI, Inc.,based in Chaska, Minnesota, U.S.A.
The Chairman will be Kenji Washino and the President Donald Mitchell.　　
Tokyo Electron Limited, established in 1963, is a supplier of innovative semiconductor and FPD production equipment. Product lines include coater/developers, oxidation/diffusion furnaces, dry etchers, CVD systems, surface preparation systems, gas cluster ion beam technologies, and test systems.
