Japan Fair Trade Commission clears ASML acquisition of Cymer
May 02 2013 - 11:30AM
Business Wire
ASML Holding NV (ASML)(NASDAQ:ASML) (Amsterdam:ASML) and Cymer,
Inc. (Nasdaq: CYMI) today announce that the Japan Fair Trade
Commission (JFTC) has cleared the previously announced merger
between Cymer and affiliates of ASML.
Clearance of the merger has previously been granted by the U.S.
Department of Justice, the U.S. Committee on Foreign Investment in
the United States (CFIUS), as well as the Taiwanese, German and
Israeli antitrust authorities. Furthermore, Cymer stockholders have
approved the merger agreement.
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. Furthermore,
ASML reiterates it will continue to let its scanner customers
choose their preferred light source, and its scanners will continue
to interface with light sources from all manufacturers.
Completion of the merger now remains subject to closing
conditions and receipt of approval under competition laws in South
Korea. Cymer and ASML continue to expect the transaction to close
in the first half of 2013.
About ASML
ASML is one of the world's leading providers of lithography
systems for the semiconductor industry, manufacturing complex
machines that are critical to the production of integrated circuits
or chips. Headquartered in Veldhoven, the Netherlands, ASML is
traded on Euronext Amsterdam and NASDAQ under the symbol ASML. ASML
has 8,625 employees on payroll (expressed in full time
equivalents), serving chip manufacturers in more than 55 locations
in 16 countries. More information about our company, our products
and technology, and career opportunities is available on our
website: www.asml.com
About Cymer
Cymer is an industry leader in developing lithography light
sources, used by chipmakers worldwide to pattern advanced
semiconductor chips. Cymer’s light sources have been widely adopted
by the world’s top chipmakers and its installed base comprises
approximately 3,900 systems. Continuing its legacy of leadership,
Cymer is currently pioneering the industry’s transition to EUV
lithography, the next viable step on the technology roadmap for the
creation of smaller, faster chips. The company is headquartered in
San Diego, CA, has more than 1,200 employees on payroll (expressed
in full time equivalents) and supports its customers from numerous
offices around the globe. Cymer maintains a Web site to which it
regularly posts press releases, SEC filings, and additional
information about Cymer. Interested persons can also subscribe to
automated e-mail alerts or RSS feeds. Please visit
www.cymer.com.
Forward Looking Statements
“Safe Harbor” Statement under the US Private Securities
Litigation Reform Act of 1995: the matters discussed in this
document may include forward-looking statements, including
statements made about our outlook, realization of systems backlog,
IC unit demand, financial results, average selling price, gross
margin and expenses, dividend policy and intention to repurchase
shares and resignations and appointments of executive officers.
These forward looking statements are subject to risks and
uncertainties including, but not limited to: economic conditions,
product demand and semiconductor equipment industry capacity,
worldwide demand and manufacturing capacity utilization for
semiconductors (the principal product of our customer base),
including the impact of general economic conditions on consumer
confidence and demand for our customers' products, competitive
products and pricing, the impact of manufacturing efficiencies and
capacity constraints, the continuing success of technology advances
and the related pace of new product development and customer
acceptance of new products, our ability to enforce patents and
protect intellectual property rights, the risk of intellectual
property litigation, availability of raw materials and critical
manufacturing equipment, trade environment, changes in exchange
rates, available cash, distributable reserves for dividend payments
and share repurchases, our ability to successfully complete the
Cymer transaction, including the ability to obtain regulatory
approval for the merger, the satisfaction of other conditions to
the closing of the merger and the possibility that the length of
time necessary to consummate the merger may be longer than
anticipated, 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.
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