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Korean Regulator Approves ASML Acquisition of Cymer

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ASML Holding NV (NASDAQ: ASML) and Cymer, Inc. (NASDAQ: CYMI) today announce that the Korean Fair Trade Commission (KFTC) has approved the previously announced merger between Cymer and affiliates of ASML. As a result, all conditions to closing the transaction, except for those conditions that can be satisfied only at the closing, have been fulfilled. The parties expect to close the transaction end of May - early June 2013. As already indicated in the deal announcement of 17 October 2012, ASML will manage Cymer as an independent business unit where it concerns commercial hardware sales and services activities, and Cymer will continue to supply sources to and engage in R&D activities with all lithography tool manufacturers on fair, reasonable and non-discriminatory

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Posted-In: News Guidance Management Global

 

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