Dutch firm ASML Holding NV offers to buy light beam maker Cymer Inc.
October 18, 2012, 12:06 am TWN
AMSTERDAM -- ASML Holding NV, the biggest supplier of equipment to semiconductor manufacturers, has offered to buy Cymer Inc. of the U.S. for around US$2.55 billion in cash and shares.
Cymer makes the focused beams of light that ASML uses in its lithography machines, which trace out the circuitry of computer chips. ASML said its offer of US$20.00 in cash and 1.1502 ASML shares per Cymer share represents a 61-percent premium to Cymer's average closing price over the past month.