AIXTRON and Genus to Waive Condition Precedent to Merger for Quotation on Nasdaq National Market
March 08 2005 - 9:26AM
PR Newswire (US)
AIXTRON and Genus to Waive Condition Precedent to Merger for
Quotation on Nasdaq National Market SUNNYVALE, Calif., March 8
/PRNewswire-FirstCall/ -- Genus, Inc. (NASDAQ:GGNS), announced
today that the bid price for AIXTRON ADSs may not initially meet
the minimum bid price required for quotation on the Nasdaq National
Market. Accordingly, AIXTRON and Genus currently intend to waive
their respective conditions precedent to effect the previously
announced merger between the companies, which required AIXTRON's
ADSs to have been approved for quotation on the Nasdaq National
Market prior to the effective time of the merger. AIXTRON's
obligation to use all reasonable efforts to cause AIXTRON's ADSs
issued in the merger to be quoted on the Nasdaq National Market
from and after the effective time until 18 months after the
effective time would not be affected by this waiver. About Genus,
Inc. Genus, Inc. manufactures critical deposition processing
products for the global semiconductor industry and the data storage
industry. To enable the production of intricate micro-computer
chips and electronic storage devices, Genus offers its LYNX and
StrataGem series of production-proven equipment for 200 mm and 300
mm semiconductor production, and offers thin film deposition
products for chemical vapor deposition (CVD), atomic layer
deposition (ALD), and wafer pre-clean capabilities. Genus is at the
forefront of market and technology developments in the ALD
marketplace, which is gaining acceptance worldwide as a critical
technology for sub-0.13-micron production of computer chips and
electronic storage devices. Genus' customers include semiconductor
manufacturers located throughout the United States, Europe and the
Pacific Rim including Korea, Japan and Taiwan. Founded in 1981, the
company is headquartered in Sunnyvale, Calif. For additional
information visit Genus' web site at http://www.genus.com/. NOTE:
LYNX2(R), and LYNX3(TM) are trademarks of Genus, Inc. Additional
Information AIXTRON and Genus entered into a definitive merger
agreement on July 1, 2004. AIXTRON has filed a registration
statement on Form F-4 with the US Securities and Exchange
Commission, or SEC, which includes a prospectus of AIXTRON and a
proxy statement of Genus. Investors and security holders are urged
to read the proxy statement/prospectus regarding the business
combination transaction referenced in the foregoing information
because it will contain important information. Investors and
security holders may obtain a free copy of the proxy
statement/prospectus and other documents filed by AIXTRON and Genus
with the SEC at the SEC's website at http://www.sec.gov/. The proxy
statement/prospectus and these other documents may also be obtained
for free from AIXTRON by directing a request to AIXTRON Investor
Relations at Kackertstr.15-17, 52072 Aachen, +49-241-8909-444 or
from Genus, by directing a request to Genus Investor Relations at
1139 Karlstad Drive, Sunnyvale, Calif., 94089, 408-747-7140, Ext.
1311. Certain Participants AIXTRON and its directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the shareholders of Genus in connection with the
merger. Information regarding the special interests of these
directors and executive officers in the merger will be included in
the proxy statement/prospectus described above. Genus and its
directors and executive officers may be deemed to be participants
in the solicitation of proxies from the shareholders of Genus in
connection with the merger. Information regarding the special
interests of these directors and executive officers in the merger
will be included in the proxy statement/prospectus described above.
DATASOURCE: Genus, Inc. CONTACT: Trine Pierik of Positio Public
Relations, Inc., +1-408-453-2400, or , for Genus; or Shum Mukherjee
of Genus, Inc, +1-408-747-7140, or Web site: http://www.genus.com/
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