Monday, May 27, 2013

Korean Fair Trade Commission approves ASML acquisition of Cymer

SOUTH KOREA: ASML Holding NV (ASML) and Cymer Inc. have announced that the Korean Fair Trade Commission (KFTC) has approved the previously announced merger between Cymer and affiliates of ASML.

As a result, all conditions to closing the transaction, except for those conditions that can be satisfied only at the closing, have been fulfilled. The parties expect to close the transaction end of May – early June 2013.

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.

ASML 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.

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