Varian Semiconductor Equipment Associates (VSEA)

[mlkrborn]

Applied Materials buys Varian for $4.9B
Silicon Valley / San Jose Business Journal
Date: Wednesday, May 4, 2011, 6:21am PDT - Last Modified: Wednesday, May 4, 2011, 6:44am PDT


Applied Materials has agreed to pay $4.9 billion for Varian Semiconductor Equipment Associates.

Applied Materials Inc. said Wednesday that it has agreed to acquire Varian Semiconductor Equipment Associates Inc. for about $4.9 billion in cash.

Semiconductor equipment maker Applied Materials (NASDAQ:AMAT) of Santa Clara agreed to pay $63 a share for Gloucester, Mass.-based Varian, which is a 55 percent premium on Varian's (NASDAQ:VSEA) Tuesday closing price of $40.55.

Read more: Applied Materials buys Varian for $4.9B | Silicon Valley / San Jose Business Journal