Wednesday, June 19, 2013

Photronics announces successful completion of tender offer to acquire PSMC

USA: Photronics Inc., a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, announced the successful completion of the tender offer to acquire the outstanding shares of Photronics Semiconductor Mask Corp. (PSMC), a majority-owned subsidiary of Photronics Inc.

As of the expiration of the offering period on June 18, 2013, a total of 50,259,277 shares were tendered at the offering price of NT$16.30 with the total costs of the transaction of approximately $28 million. As a result of the transaction, Photronics owns 98 percent of the outstanding shares of common stock of PSMC.

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