MILPITAS, Calif., and
YAVNE, Israel, Dec. 24, 2018 /PRNewswire/ -- KLA-Tencor
Corporation (NASDAQ: KLAC) and Orbotech Ltd. (NASDAQ: ORBK) today
announced that KLA-Tencor continues to have advanced discussions
with the State Administration for Market Regulation of the People's Republic of China (SAMR)
regarding clearance of the proposed merger involving KLA-Tencor and
Orbotech with a goal of obtaining clearance as soon as practicable
in 2019.
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About KLA-Tencor:
KLA-Tencor Corporation, a
leading provider of process control and yield management solutions,
partners with customers around the world to develop
state-of-the-art inspection and metrology technologies. These
technologies serve the semiconductor and other related
nanoelectronics industries. With a portfolio of industry-standard
products and a team of world-class engineers and scientists, the
company has created superior solutions for its customers for more
than 40 years. Headquartered in Milpitas,
Calif., KLA-Tencor has dedicated customer operations and
service centers around the world. Additional information may be
found at www.kla-tencor.com (KLAC-F).
About Orbotech:
Orbotech Ltd. is a leading global
supplier of yield-enhancing and process-enabling solutions for the
manufacture of electronics products. Orbotech Ltd. provides
cutting-edge solutions for use in the manufacture of printed
circuit boards (PCBs), flat panel displays (FPDs), and
semiconductor devices (SDs), designed to enable the production of
innovative, next-generation electronic products and improve the
cost effectiveness of existing and future electronics production
processes. Additional information may be found at www.orbotech.com
(ORBK.F).
Forward-Looking Statements:
Statements in this press
release other than historical facts, such as statements regarding
the receipt of SAMR clearance of the proposed merger are
forward-looking statements, subject to the Safe Harbor provisions
created by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on current information
and expectations, and involve a number of risks and uncertainties.
Actual results may differ materially from those projected in such
statements.
Additional Information and Where to Find It:
This
press release is provided in respect of a proposed business
combination involving KLA-Tencor and Orbotech Ltd. ("Orbotech").
This press release does not constitute an offer to sell or the
solicitation of an offer to buy or subscribe for any securities or
a solicitation of any vote or approval nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in which
such offer, solicitation, sale, issuance or transfer would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The proposed transaction
was submitted to the shareholders of Orbotech for their
consideration through the proxy statement/prospectus described
below. On May 16, 2018, KLA-Tencor
filed with the SEC a Registration Statement on Form S-4 (the
"Registration Statement") that included a preliminary proxy
statement/prospectus with respect to Orbotech in connection with
the merger of an indirect subsidiary of KLA-Tencor with and into
Orbotech, with Orbotech surviving, and with respect to KLA-Tencor's
common stock to be issued in the proposed transaction. The
Registration Statement was amended and declared effective on
June 7, 2018, a copy of the final
proxy statement/prospectus contained therein was first made
available to Orbotech shareholders on June
7, 2018 and was mailed to Orbotech shareholders on or about
June 15, 2018 and the Extraordinary
General Meeting of shareholders of Orbotech was held on
July 12, 2018. KLA-Tencor and
Orbotech may also file other documents with the SEC regarding the
proposed transaction.
This press release is not a substitute for any prospectus,
proxy statement or any other document that KLA-Tencor or Orbotech
has or may file with the SEC in connection with the proposed
transaction. Investors and security holders of KLA-Tencor and
Orbotech are urged to read the proxy statement/prospectus and any
other relevant documents that will be filed with the SEC carefully
and in their entirety when they become available because they will
contain important information about the proposed
transaction.
You may obtain copies of all documents filed with the SEC
regarding this transaction, free of charge, at the SEC's website
(www.sec.gov). In addition, investors and security holders will be
able to obtain free copies of the proxy statement/prospectus and
other documents filed with the SEC by KLA-Tencor on KLA-Tencor's
Investor Relations page (http://ir.kla-tencor.com) or by writing to
KLA-Tencor Corporation, Investor Relations, 1 Technology Drive,
Milpitas, CA 95035 (for documents
filed with the SEC by KLA-Tencor), or by Orbotech on Orbotech's
Investor Relations page (investors.orbotech.com) or by writing to
Orbotech Ltd., Investor Relations, 7 Sanhedrin Boulevard, North
Industrial Zone, Yavne 8110101 Israel (for documents filed with the
SEC by Orbotech).
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SOURCE KLA-Tencor Corporation