ASM International N.V. (ASMI), a provider of semiconductor equipments and materials, said Tuesday it received a combined unsolicited indicative offer from Applied Materials, Inc. (AMAT) and Francisco Partners to acquire all front-end business activities, which includes wafer processing solutions.
The company said that Applied Materials reaffirmed its indicative offer range of US$400 million to US$500 million announced on June 6 for the Atomic Layer Deposition and Plasma Enhanced Chemical Vapor Deposition business activities.
Francisco Partners has indicated an initial value of US$225 million to US$300 million for the remaining front-end business activities, which include epitaxy and vertical furnaces.
The company said that its management board and supervisory board will internally discuss the offer and its implications and make a public announcement in due course.
ASMI is trading up $2.59 or 8.71% at $32.33 on a volume of about 545 thousand shares. AMAT is trading down $0.19 or 0.91% at $20.60 on a volume of about 21.69 million shares.
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