Semiconductor equipment maker Applied Materials, Inc. (AMAT) said Monday that it has completed the acquisition of Semitool, Inc. (SMTL) following the all cash tender offer of $11 per Semitool share.
Santa Clara, California- based Applied Materials on completion of the tender offer, on December 18, had said that over 94% of the outstanding shares of Kalispell, Montana-based Semitool were validly tendered for the $11 tender offer which values Semitool for around $364 million.
Semitool is a supplier of electrochemical plating and wafer surface preparation equipment used by chip packaging and chip making companies. Applied Materials noted that this acquisition provides further opportunities in the high-growth wafer packaging market and provides complementary systems and technology for advanced semiconductor manufacturing.
Semitool merger with Applied Materials' wholly-owned subsidiary was effective on Monday. All the outstanding shares of Semitool which were not tendered were automatically converted into the right to receive cash of $11 per Semitool share.
As per the terms of the deal entered on November 17, Applied Materials' wholly-owned subsidiary, Jupiter Acquisition Sub, Inc., agreed to acquire Semitool for $11 per Semitool share in an all cash tender offer. Based on the fully diluted capitalization of Semitool, aggregate purchase price was around $364 million. Semitool will be operated as a part of Applied Material's Silicon Systems Group.
AMAT is currently trading at $13.80, up $0.18 or 1.32% on the Nasdaq. SMTL is currently trading at $11.01, down $0.03 or 0.27% on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.