Tokyo Electron Limited Completes Acquisition of FSI International
Tokyo Electron Limited ("Tokyo Electron"; Headquarters: Tokyo; President and CEO: Hiroshi Takenaka) (TSE: 8035) announced earlier today that the tender offer by Tokyo Electron's wholly-owned subsidiary, RB Merger Corp., for all outstanding shares of common stock of FSI International, Inc. ("FSI"; Headquarters: Chaska, Minnesota, USA; Chairman and CEO: Donald Mitchell) (NASDAQ: FSII) for $6.20 in cash for each share of FSI common stock was successfully completed. 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," said 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."
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