• News
  • SAN DIEGO
  • Technology

Cymer, ASML detail acquisition plan

ASML Holding NV and Cymer Inc. provided a status update regarding the merger of the two semiconducter companies.

San Diego-based Cymer (Nasdaq: CYMI) is currently pioneering the industry’s transition to extreme ultraviolet (EUV) lithography, the next viable step on the technology roadmap for the creation of smaller, faster chips.

Under the proposed deal, ASML (Nasdaq: ASML) would buy all outstanding shares of Cymer in a cash-and-stock transaction that will entitle each Cymer stockholder to receive $20 in cash and a fixed ratio of 1.1502 ASML ordinary shares per Cymer share.

On Feb. 5, Cymer will hold a special shareholders meeting at which the stockholders of record of Cymer as of Jan. 7 will be asked to vote on, among other things, a proposal to approve the merger agreement.

In addition, ASML and Cymer indicated that they are continuing to work with various regulators, including responding to a request for additional information from the Antitrust Division of the U.S. Department of Justice regarding the transaction.

The proposed transaction remains subject to other customary closing conditions, including review by the Committee on Foreign Investment in the United States and specified international regulators and approval by Cymer's stockholders.

ASML and Cymer anticipate completion of the transaction in the first half of 2013.

On Oct. 17 ASML agreed to acquire Cymer and thereby accelerate the development of EUV semiconductor lithography technology.

EUV is vital to support the semiconductor industry’s transition to the next manufacturing technology, which is needed to create more energy-efficient microchips with more functions at lower cost.

ASML, one of the world's leading providers of lithography systems for the semiconductor industry, is based in Veldhoven, the Netherlands, and trades on Euronext Amsterdam and NASDAQ under the symbol ASML.

Cymer has about 1,200 employees and numerous offices around the globe. ASML has more than 8,200 employees, serving chip manufacturers in more than 55 locations in 16 countries.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Cymer Inc.

Company Website

17075 Thornmint Ct.
San Diego, CA 92127

Cymer Inc. Executive(s):

Robert Akins

  • Chief Executive Officer

Edward Brown

  • Chief Operating Officer, President

Richard Sandstrom

  • Co-Founder

Paul Bowman

  • Chief Financial Officer

Related Videos

Cymer's CFO Paul Bowman on firm's growth plans

May 1, 2012 -- George Chamberlin talks to Paul Bowman, senior vice president, CFO and secretary for Cymer Inc., about his company's products and plans for growth.

Similar Companies

NAICS - 333295 - Semiconductor Machinery Manufacturing