Axcelis Technologies, Inc. (ACLS) shares dropped 4.39 percent to $93.35 on Wednesday, down $4.60, after the company announced an all-stock merger with Veeco Instruments Inc. The stock opened at $93.50 and traded between $86.04 and $93.89, compared with a previous close of $97.64 on the Nasdaq. Trading volume reached 1.36 million shares, above the average of 495,814. Axcelis now trades within a 52-week range of $40.40 to $107.23.
The combined company is expected to have an enterprise value of approximately $4.4 billion based on Axcelis' and Veeco's recent closing prices and outstanding debt.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.