ASML Holding NV or ASML and Cymer, Inc. (CYMI) announced that the Korean Fair Trade Commission or KFTC has approved the previously announced merger between Cymer and affiliates of ASML.
The company said that 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 commercial terms.
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