ASML obtains regulatory approvals for acquisition of HMI
October 26 2016 - 5:15AM
VELDHOVEN, the Netherlands, 26 October 2016 - ASML
Holding NV (ASML) today announces that it has obtained all
necessary regulatory approvals to complete the acquisition of
Hermes Microvision, Inc. (HMI) [3658TT], as announced on 16 June
2016.
ASML obtained merger clearance from the Taiwanese
Fair Trade Commission, the Competition Commission of Singapore and
the Korean Fair Trade Commission. The Investment Commission of
Taiwan and the Committee on Foreign Investment in the United States
(CFIUS) have also granted the necessary approvals.
As previously announced, the shareholders of HMI
approved the transaction on 3 August 2016. All conditions to
closing of the transaction have now been fulfilled, except for
those conditions that can be satisfied only at the closing. ASML
expects to close the transaction in the fourth quarter of 2016.
About ASML
ASML is one of the world's leading manufacturers of chip-making
equipment. Our vision is to enable affordable microelectronics that
improve the quality of life. To achieve this, our mission is to
invent, develop, manufacture and service advanced technology for
high-tech lithography, metrology and software solutions for the
semiconductor industry. ASML's guiding principle is continuing
Moore's Law towards ever smaller, cheaper, more powerful and
energy-efficient semiconductors. This results in increasingly
powerful and capable electronics that enable the world to progress
within a multitude of fields, including healthcare, technology,
communications, energy, mobility, and entertainment. We are a
multinational company with over 70 locations in 16 countries,
headquartered in Veldhoven, the Netherlands. We employ more than
15,500 people on payroll and flexible contracts (expressed in full
time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ
under the symbol ASML. More information about ASML, our products
and technology, and career opportunities is available on
www.asml.com.
Forward Looking
Statements
This document contains statements relating to certain projections
and business trends that are forward-looking, including statements
with respect the timing of closing of the acquisition. You can
generally identify these statements by the use of words like "may",
"will", "could", "should", "project", "believe", "anticipate",
"expect", "plan", "estimate", "forecast", "potential", "intend",
"continue" and variations of these words or comparable words. These
statements are not historical facts, but rather are based on
current expectations, estimates, assumptions and projections about
the business and our future financial results and readers should
not place undue reliance on them. Forward-looking statements do not
guarantee future performance and involve risks and uncertainties.
These risks and uncertainties include, without limitation, the
possibility that the length of time necessary to consummate this
transaction may be longer than anticipated, that the transaction
may not be consummated at all, and other risks indicated in the
risk factors included in ASML's Annual Report on Form 20-F and
other filings with the US Securities and Exchange Commission. These
forward-looking statements are made only as of the date of this
document. ASML and HMI do not undertake any obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
Link to Press Release
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ASML Holding via Globenewswire
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