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Tech equipment maker Cymer has agreed to be purchased by ASML Holding NV, Europe's largest semiconductor maker, for $2.6 billion. Cymer shareholders will receive $20 in cash and 1.1502 ASML ordinary shares, according to Bloomberg News. That's 72% higher than Cymer's recent closing price. The combination is intended to speed up technology to manufacture microchips cheaper with more functions for mobile phones and tablets, says Bloomberg.
Tech equipment maker Cymer has agreed to be purchased by ASML Holding NV, Europe's largest semiconductor maker, for $2.6 billion. Cymer shareholders will receive $20 in cash and 1.1502 ASML ordinary shares, according to Bloomberg News. That's 72% higher than Cymer's recent closing price. The combination is intended to speed up technology to manufacture microchips cheaper with more functions for mobile phones and tablets, says Bloomberg.