San Diego-based technology company Cymer Inc. (Nasdaq: CYMI) announced late Tuesday that its shareholders overwhelmingly approved the firm’s merger with Netherlands-based ASML Holding N.V. along with certain ASML affiliates.
The company reported that more than 82 percent of the shares outstanding and 99 percent of the votes cast at the special meeting were in favor of the merger agreement.
Completion of the merger remains subject to customary closing conditions, including expiration of the Hart-Scott-Rodino antitrust waiting period and receipt of approvals under other foreign competition laws.
Cymer and ASML expect the transaction will close in the first half of 2013.
Cymer is an industry leader in developing lithography light sources, used by chipmakers worldwide to pattern advanced semiconductor chips.
Cymer's light sources have been widely adopted by the world's top chipmakers and the company's installed base comprises approximately 3,900 systems.
The high-tech firm is currently pioneering the industry's transition to EUV lithography, considered to be the next viable step on the technology roadmap for the creation of smaller, faster chips.
Cymer has more than 1,200 employees on payroll and supports its customers from numerous offices around the globe.
ASML is one of the world's leading providers of lithography systems for the semiconductor industry, manufacturing complex machines critical to the production of integrated circuits or chips.
ASML is traded on Euronext Amsterdam as well as Nasdaq under the ASML symbol. ASML has 8,500 employees on payroll, serving chip manufacturers in more than 55 locations in 16 countries.